Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Sees Significant Decline in Short Interest

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1 shares, a decrease of 99.8% from the April 30th total of 402 shares. Based on an average daily volume of 516 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Global X Bitcoin Trend Strategy ETF Stock Performance

NYSEARCA:BTRN traded down $0.25 during mid-day trading on Thursday, hitting $26.64. The company’s stock had a trading volume of 363 shares, compared to its average volume of 2,253. The stock has a fifty day moving average of $27.71 and a 200-day moving average of $29.65. Global X Bitcoin Trend Strategy ETF has a fifty-two week low of $26.53 and a fifty-two week high of $43.43.

Institutional Investors Weigh In On Global X Bitcoin Trend Strategy ETF

An institutional investor recently bought a new position in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC bought a new stake in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,890 shares of the company’s stock, valued at approximately $837,000. Jane Street Group LLC owned approximately 13.83% of Global X Bitcoin Trend Strategy ETF as of its most recent filing with the SEC.

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.