Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Short Interest Update

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 7,922 shares, an increase of 123.8% from the February 26th total of 3,539 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 2,976 shares, the days-to-cover ratio is presently 2.7 days.

Horizon Kinetics Blockchain Development ETF Trading Down 1.6%

Horizon Kinetics Blockchain Development ETF stock traded down $0.50 during mid-day trading on Thursday, reaching $30.50. The company had a trading volume of 2,703 shares, compared to its average volume of 2,457. The business has a fifty day simple moving average of $31.30 and a 200 day simple moving average of $31.21. The company has a market cap of $20.74 million, a P/E ratio of 21.22 and a beta of 0.77. Horizon Kinetics Blockchain Development ETF has a fifty-two week low of $25.52 and a fifty-two week high of $36.27.

Institutional Investors Weigh In On Horizon Kinetics Blockchain Development ETF

A hedge fund recently bought a new stake in Horizon Kinetics Blockchain Development ETF stock. Flow Traders U.S. LLC bought a new position in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,197 shares of the company’s stock, valued at approximately $318,000. Flow Traders U.S. LLC owned approximately 1.62% of Horizon Kinetics Blockchain Development ETF as of its most recent SEC filing.

About Horizon Kinetics Blockchain Development ETF

The Horizon Kinetics Blockchain Development ETF (BCDF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed to broadly invest in blockchain development companies of any market capitalization from around the world. BCDF was launched on Aug 1, 2022 and is managed by Horizon Kinetics.