Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Shares Down 1.1% – Here’s Why

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS)’s stock price traded down 1.1% on Friday . The stock traded as low as $66.39 and last traded at $66.9660. 1,359 shares were traded during trading, a decline of 64% from the average daily volume of 3,794 shares. The stock had previously closed at $67.74.

Global X Blockchain & Bitcoin Strategy ETF Stock Down 1.1%

The firm’s fifty day simple moving average is $58.60 and its 200-day simple moving average is $60.08. The company has a market cap of $28.13 million, a PE ratio of -131.31 and a beta of 2.69.

Global X Blockchain & Bitcoin Strategy ETF Announces Dividend

The business also recently declared a semiannual dividend, which was paid on Thursday, July 2nd. Shareholders of record on Monday, June 29th were given a dividend of $0.1851 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a yield of 63.0%. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio (DPR) is presently -2,752.94%.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

The Global X Blockchain & Bitcoin Strategy ETF (BITS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that aims to capture the long-term growth potential of blockchain companies and bitcoin futures. BITS was launched on Nov 15, 2021 and is managed by Global X.