Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Short Interest Down 27.6% in February

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 1,240 shares, a drop of 27.6% from the February 12th total of 1,712 shares. Based on an average daily trading volume, of 475 shares, the short-interest ratio is presently 2.6 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 475 shares, the short-interest ratio is presently 2.6 days.

Global X Bitcoin Trend Strategy ETF Trading Up 0.3%

Shares of NYSEARCA:BTRN traded up $0.07 during midday trading on Friday, hitting $27.36. 847 shares of the company’s stock were exchanged, compared to its average volume of 2,511. The stock has a 50 day moving average price of $27.58 and a 200-day moving average price of $33.30. Global X Bitcoin Trend Strategy ETF has a 12 month low of $27.05 and a 12 month high of $43.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC purchased a new position in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,890 shares of the company’s stock, valued at approximately $837,000. Jane Street Group LLC owned 13.83% of Global X Bitcoin Trend Strategy ETF at the end of the most recent quarter.

Global X Bitcoin Trend Strategy ETF Company Profile

The Global X Bitcoin Trend Strategy ETF (BTRN) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund tracks an index that toggles between long bitcoin futures and a US Treasury ETFs. The allocation between these components are based on bitcoins price trend. BTRN was launched on Mar 20, 2024 and is issued by Global X.