Global X Blockchain ETF (NASDAQ:BKCH) Short Interest Up 106.5% in May

Global X Blockchain ETF (NASDAQ:BKCH) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 125,999 shares, a growth of 106.5% from the April 30th total of 61,029 shares. Based on an average daily trading volume, of 110,455 shares, the days-to-cover ratio is presently 1.1 days. Approximately 3.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X Blockchain ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new position in Global X Blockchain ETF in the 3rd quarter worth approximately $28,000. Raymond James Financial Inc. bought a new position in Global X Blockchain ETF in the 2nd quarter worth approximately $25,000. Glenmede Investment Management LP bought a new position in Global X Blockchain ETF in the 3rd quarter worth approximately $65,000. Arax Advisory Partners bought a new position in Global X Blockchain ETF in the 4th quarter worth approximately $57,000. Finally, Sankala Group LLC bought a new position in Global X Blockchain ETF in the 4th quarter worth approximately $64,000.

Global X Blockchain ETF Price Performance

Shares of BKCH stock opened at $91.97 on Monday. Global X Blockchain ETF has a 12-month low of $41.00 and a 12-month high of $123.69. The firm has a market capitalization of $391.79 million, a price-to-earnings ratio of 14.28 and a beta of 3.54. The business has a 50 day simple moving average of $73.70 and a 200 day simple moving average of $71.87.

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.