Global X Blockchain ETF (NASDAQ:BKCH) Trading Down 1% – Should You Sell?

Global X Blockchain ETF (NASDAQ:BKCHGet Free Report) dropped 1% during trading on Monday . The company traded as low as $86.14 and last traded at $86.56. Approximately 117,603 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 112,472 shares. The stock had previously closed at $87.40.

Global X Blockchain ETF Price Performance

The stock has a market capitalization of $338.97 million, a PE ratio of 14.28 and a beta of 3.57. The company’s 50 day moving average price is $82.50 and its two-hundred day moving average price is $73.02.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BKCH. Mirae Asset Global Investments Co. Ltd. lifted its position in Global X Blockchain ETF by 88.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,500 shares of the company’s stock worth $3,354,000 after buying an additional 24,600 shares in the last quarter. Northbridge Financial Group LLC acquired a new stake in shares of Global X Blockchain ETF in the 4th quarter worth $633,000. Private Advisor Group LLC raised its holdings in shares of Global X Blockchain ETF by 34.0% during the 1st quarter. Private Advisor Group LLC now owns 148,237 shares of the company’s stock worth $8,278,000 after acquiring an additional 37,628 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Global X Blockchain ETF by 17.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,007 shares of the company’s stock valued at $256,000 after acquiring an additional 585 shares during the last quarter. Finally, Sankala Group LLC acquired a new position in shares of Global X Blockchain ETF during the 4th quarter valued at about $64,000.

Global X Blockchain ETF Company Profile

(Get Free Report)

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.

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