Global X Bitcoin Covered Call ETF (BATS:BCCC – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,565 shares, a drop of 41.7% from the September 30th total of 4,398 shares. Based on an average daily volume of 10,267 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.6% of the shares of the stock are sold short.
Global X Bitcoin Covered Call ETF Stock Down 0.9%
BCCC stock opened at $12.30 on Tuesday. The stock has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $13.58. Global X Bitcoin Covered Call ETF has a twelve month low of $11.11 and a twelve month high of $22.32.
About Global X Bitcoin Covered Call ETF
Global X Funds – Global X Bitcoin Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly and through other funds in short-term U.S. Treasury securities. For its currency portion, it invests through derivatives in bitcoin. The fund uses derivatives such as options and futures to create its portfolio. It seeks to invests in bitcoin futures through a wholly-owned Cayman Islands subsidiary.
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