Global X Blockchain & Bitcoin Strategy ETF (BITS) Short Interest Ratio & Short Volume

Short interest is the volume of Global X Blockchain & Bitcoin Strategy ETF shares that have been sold short but have not yet been covered or closed out. As of October 15th, traders have sold 25,400 shares of BITS short. Learn More on Global X Blockchain & Bitcoin Strategy ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BITS shares currently have a short interest ratio of 8.0. Learn More on Global X Blockchain & Bitcoin Strategy ETF's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Global X Blockchain & Bitcoin Strategy ETF: Belvedere Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Global X Blockchain & Bitcoin Strategy ETF saw a drop in short interest during the month of October. As of October 15th, there was short interest totaling 25,400 shares, a drop of 25.7% from the previous total of 34,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Global X Blockchain & Bitcoin Strategy ETF: Roundhill Daily 2X Long Magnificent Seven ETF (0.21%), IDX Dynamic Innovation ETF (0.08%), JPMorgan Sustainable Infrastructure ETF (0.12%), Martin Currie Sustainable International Equity ETF (0.00%), Carbon Collective Climate Solutions U.S. Equity ETF (0.95%), iShares ESG MSCI EM Leaders ETF (0.02%), Fidelity Metaverse ETF (0.13%), Sprott Energy Transition Materials ETF (1.11%), Guru Favorite Stocks ETF (0.28%), Procure Space ETF (0.08%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.14 billion), AppLovin Co. ($3.15 billion), Paychex, Inc. ($2.69 billion), Nu Holdings Ltd. ($2.48 billion), Cencora, Inc. ($2.24 billion), International Paper ($2.04 billion), Tractor Supply ($1.96 billion), Coinbase Global, Inc. ($1.93 billion), Moderna, Inc. ($1.91 billion), and SoFi Technologies, Inc. ($1.84 billion). View all of the most shorted stocks.

Short selling BITS is an investing strategy that aims to generate trading profit from Global X Blockchain & Bitcoin Strategy ETF as its price is falling. BITS shares are trading down $0.77 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Global X Blockchain & Bitcoin Strategy ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of BITS, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BITS, twice per month. The most recent reporting period available is October, 15 2024.