Global X Blockchain ETF (NASDAQ:BKCH) Stock Price Down 1.1% – Here’s Why

Global X Blockchain ETF (NASDAQ:BKCH)’s share price was down 1.1% during trading on Tuesday . The company traded as low as $77.25 and last traded at $79.85. Approximately 45,389 shares were traded during trading, a decline of 59% from the average daily volume of 109,628 shares. The stock had previously closed at $80.76.

Global X Blockchain ETF Price Performance

The stock has a market capitalization of $340.16 million, a P/E ratio of 14.28 and a beta of 3.54. The company has a 50 day simple moving average of $69.60 and a 200-day simple moving average of $72.63.

Institutional Trading of Global X Blockchain ETF

Several hedge funds have recently made changes to their positions in BKCH. Jane Street Group LLC raised its stake in shares of Global X Blockchain ETF by 153.1% in the first quarter. Jane Street Group LLC now owns 82,312 shares of the company’s stock valued at $2,719,000 after buying an additional 49,795 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Global X Blockchain ETF in the second quarter valued at $25,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Global X Blockchain ETF in the second quarter valued at $430,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Global X Blockchain ETF in the third quarter valued at $304,000. Finally, Acorn Wealth Advisors LLC bought a new stake in shares of Global X Blockchain ETF in the third quarter valued at $338,000.

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.