Short Interest in Global X Bitcoin Covered Call ETF (BATS:BCCC) Declines By 89.3%

Global X Bitcoin Covered Call ETF (BATS:BCCC) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 2,968 shares, a decline of 89.3% from the June 30th total of 27,666 shares. Based on an average daily trading volume, of 9,748 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.0% of the company’s shares are sold short.

Global X Bitcoin Covered Call ETF Trading Down 0.5%

BCCC stock opened at $12.01 on Friday. Global X Bitcoin Covered Call ETF has a 12-month low of $11.11 and a 12-month high of $27.21. The business’s fifty day moving average price is $12.39 and its 200 day moving average price is $14.24.

Hedge Funds Weigh In On Global X Bitcoin Covered Call ETF

An institutional investor recently bought a new position in Global X Bitcoin Covered Call ETF stock. Jane Street Group LLC purchased a new position in shares of Global X Bitcoin Covered Call ETF (BATS:BCCC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,167 shares of the company’s stock, valued at approximately $187,000. Jane Street Group LLC owned 1.56% of Global X Bitcoin Covered Call ETF at the end of the most recent reporting period.

About Global X Bitcoin Covered Call ETF

Global X Funds – Global X Bitcoin Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly and through other funds in short-term U.S. Treasury securities. For its currency portion, it invests through derivatives in bitcoin. The fund uses derivatives such as options and futures to create its portfolio. It seeks to invests in bitcoin futures through a wholly-owned Cayman Islands subsidiary.