Global X Blockchain ETF (NASDAQ:BKCH) Short Interest Update

Global X Blockchain ETF (NASDAQ:BKCH) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 53,940 shares, a drop of 49.8% from the July 30th total of 107,383 shares. Based on an average daily volume of 101,333 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.7% of the shares of the company are sold short.

Global X Blockchain ETF Stock Down 8.2%

Global X Blockchain ETF stock traded down $6.03 on Friday, hitting $67.41. The company’s stock had a trading volume of 48,306 shares, compared to its average volume of 101,767. Global X Blockchain ETF has a one year low of $50.99 and a one year high of $123.69. The firm has a market cap of $213.02 million, a P/E ratio of 14.28 and a beta of 3.60. The company has a fifty day moving average price of $69.30 and a 200-day moving average price of $71.37.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BKCH. GK Wealth Management LLC bought a new stake in Global X Blockchain ETF during the 2nd quarter worth approximately $214,000. Bank of America Corp DE raised its position in Global X Blockchain ETF by 63.3% in the 1st quarter. Bank of America Corp DE now owns 255,808 shares of the company’s stock valued at $14,284,000 after purchasing an additional 99,163 shares during the last quarter. Private Advisor Group LLC boosted its stake in Global X Blockchain ETF by 34.0% in the first quarter. Private Advisor Group LLC now owns 148,237 shares of the company’s stock worth $8,278,000 after purchasing an additional 37,628 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Global X Blockchain ETF by 17.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,007 shares of the company’s stock worth $256,000 after purchasing an additional 585 shares in the last quarter. Finally, Sankala Group LLC bought a new stake in shares of Global X Blockchain ETF during the fourth quarter worth $64,000.

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.