Short Interest in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Rises By 61.3%

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,447 shares, a growth of 61.3% from the July 15th total of 1,517 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 581 shares, the days-to-cover ratio is presently 4.2 days.

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 acquired a new position in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 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.

Horizon Kinetics Blockchain Development ETF Stock Performance

BCDF stock traded down $0.09 during trading on Monday, reaching $33.24. 4,694 shares of the company were exchanged, compared to its average volume of 1,986. The company has a market cap of $24.27 million, a P/E ratio of 21.22 and a beta of 0.72. Horizon Kinetics Blockchain Development ETF has a 52-week low of $29.01 and a 52-week high of $36.27. The stock’s 50 day moving average price is $31.35 and its 200 day moving average price is $31.55.

Horizon Kinetics Blockchain Development ETF Company Profile

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.