Short Interest in Global X Blockchain ETF (NASDAQ:BKCH) Declines By 49.8%

Global X Blockchain ETF (NASDAQ:BKCH) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 53,940 shares, a drop of 49.8% from the July 30th total of 107,383 shares. Based on an average daily trading volume, of 101,333 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new stake in Global X Blockchain ETF in the 3rd quarter valued at $28,000. Raymond James Financial Inc. acquired a new position in Global X Blockchain ETF during the second quarter worth $25,000. Rockefeller Capital Management L.P. lifted its stake in shares of Global X Blockchain ETF by 17.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,007 shares of the company’s stock valued at $256,000 after buying an additional 585 shares in the last quarter. Glenmede Investment Management LP bought a new position in shares of Global X Blockchain ETF in the third quarter valued at $65,000. Finally, Arax Advisory Partners acquired a new position in shares of Global X Blockchain ETF during the fourth quarter valued at about $57,000.

Global X Blockchain ETF Stock Performance

Shares of NASDAQ BKCH traded up $0.99 during trading hours on Monday, hitting $68.40. 23,508 shares of the stock were exchanged, compared to its average volume of 101,291. The company’s fifty day simple moving average is $69.30 and its two-hundred day simple moving average is $71.39. The company has a market cap of $216.14 million, a PE ratio of 14.28 and a beta of 3.60. Global X Blockchain ETF has a 1-year low of $50.99 and a 1-year high of $123.69.

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.