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 closed out or covered. As of November 30th, investors have sold 13,800 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 3.0. 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 decrease in short interest in the month of November. As of November 30th, there was short interest totaling 13,800 shares, a decrease of 10.4% from the previous total of 15,400 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: Guru Favorite Stocks ETF (0.22%), Global X Clean Tech ETF (0.09%), First Trust S-Network Future Vehicles & Technology ETF (0.17%), Sprott Energy Transition Materials ETF (0.03%), Fidelity Metaverse ETF (0.35%), Carbon Collective Climate Solutions U.S. Equity ETF (0.59%), Global X Telemedicine & Digital Health ETF (0.03%), Democratic Large Cap Core ETF (1.15%), First Trust Dow Jones International Internet ETF (2.49%), iShares ESG MSCI EM Leaders ETF (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 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 up $0.14 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 appreciates 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 November, 30 2024.