Global X Blockchain ETF (NASDAQ:BKCH) Short Interest Down 51.6% in June

Global X Blockchain ETF (NASDAQ:BKCH) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 57,272 shares, a drop of 51.6% from the June 15th total of 118,418 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 70,989 shares, the short-interest ratio is presently 0.8 days.

Global X Blockchain ETF Price Performance

Shares of Global X Blockchain ETF stock opened at $66.74 on Tuesday. The firm’s fifty day simple moving average is $82.31 and its 200-day simple moving average is $72.87. Global X Blockchain ETF has a 12 month low of $50.99 and a 12 month high of $123.69. The stock has a market capitalization of $223.58 million, a price-to-earnings ratio of 14.28 and a beta of 3.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings in shares of Global X Blockchain ETF by 153.1% in the first quarter. Jane Street Group LLC now owns 82,312 shares of the company’s stock valued at $2,719,000 after buying an additional 49,795 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Global X Blockchain ETF during the second quarter worth about $25,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Global X Blockchain ETF during the second quarter worth about $430,000. Sei Investments Co. acquired a new position in Global X Blockchain ETF in the 3rd quarter valued at $204,000. Finally, Glenmede Investment Management LP acquired a new position in Global X Blockchain ETF in the 3rd quarter valued at $65,000.

About Global X Blockchain ETF

The Global X Blockchain ETF (BKCH) is an exchange-traded fund that is based on the Solactive Blockchain index, a market-cap-weighted index of global companies involved in blockchain technologies. BKCH was launched on Jul 12, 2021 and is managed by Global X.