Global X Blockchain ETF (NASDAQ:BKCH) Short Interest Update

Global X Blockchain ETF (NASDAQ:BKCH) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 86,269 shares, a growth of 59.9% from the August 15th total of 53,940 shares. Based on an average daily trading volume, of 53,698 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X Blockchain ETF

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Global X Blockchain ETF by 63.3% in the 1st quarter. Bank of America Corp DE now owns 255,808 shares of the company’s stock valued at $14,284,000 after purchasing an additional 99,163 shares during the period. Private Advisor Group LLC raised its position in shares of Global X Blockchain ETF by 34.0% in the first 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. Northbridge Financial Group LLC purchased a new stake in shares of Global X Blockchain ETF during the 4th quarter worth about $633,000. GK Wealth Management LLC acquired a new stake in shares of Global X Blockchain ETF during the 2nd quarter valued at about $214,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Global X Blockchain ETF by 17.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,007 shares of the company’s stock valued at $256,000 after purchasing an additional 585 shares in the last quarter.

Global X Blockchain ETF Stock Down 0.3%

Global X Blockchain ETF stock opened at $67.74 on Thursday. The business’s 50-day moving average price is $68.27 and its 200 day moving average price is $72.07. The firm has a market cap of $338.63 million, a price-to-earnings ratio of 14.28 and a beta of 3.58. Global X Blockchain ETF has a 52 week low of $50.99 and a 52 week 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.