Hashdex Nasdaq Crypto Index US ETF (NASDAQ:NCIQ) Sees Significant Growth in Short Interest

Hashdex Nasdaq Crypto Index US ETF (NASDAQ:NCIQ) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 51,528 shares, an increase of 245.6% from the January 15th total of 14,908 shares. Approximately 128.8% of the company’s stock are sold short. Based on an average trading volume of 14,601 shares, the days-to-cover ratio is currently 3.5 days. Based on an average trading volume of 14,601 shares, the days-to-cover ratio is currently 3.5 days. Approximately 128.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Magnus Financial Group LLC acquired a new stake in shares of Hashdex Nasdaq Crypto Index US ETF during the third quarter worth $2,896,000. R. W. Roge & Company Inc. purchased a new position in Hashdex Nasdaq Crypto Index US ETF in the 4th quarter worth $565,000. Optima Capital LLC acquired a new stake in Hashdex Nasdaq Crypto Index US ETF during the 4th quarter worth about $52,000. CWM LLC grew its stake in Hashdex Nasdaq Crypto Index US ETF by 398.8% during the 4th quarter. CWM LLC now owns 2,494 shares of the company’s stock valued at $57,000 after purchasing an additional 1,994 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of Hashdex Nasdaq Crypto Index US ETF in the third quarter valued at about $595,000.

Hashdex Nasdaq Crypto Index US ETF Price Performance

Shares of NCIQ stock traded down $0.31 during trading hours on Wednesday, reaching $17.09. 14,650 shares of the company’s stock were exchanged, compared to its average volume of 21,395. Hashdex Nasdaq Crypto Index US ETF has a 1 year low of $15.88 and a 1 year high of $34.26. The stock’s fifty day moving average price is $22.73 and its two-hundred day moving average price is $27.10.

About Hashdex Nasdaq Crypto Index US ETF

The Hashdex Nasdaq Crypto Index US ETF (NCIQ) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.