Short Interest in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Rises By 81.6%

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 14,383 shares, a growth of 81.6% from the March 15th total of 7,922 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 2,461 shares, the days-to-cover ratio is currently 5.8 days.

Horizon Kinetics Blockchain Development ETF Trading Up 1.1%

Horizon Kinetics Blockchain Development ETF stock opened at $32.27 on Wednesday. The company has a market capitalization of $21.94 million, a PE ratio of 21.22 and a beta of 0.77. Horizon Kinetics Blockchain Development ETF has a 12 month low of $27.40 and a 12 month high of $36.27. The stock has a 50-day moving average price of $31.10 and a two-hundred day moving average price of $31.22.

Hedge Funds Weigh In On Horizon Kinetics Blockchain Development ETF

An institutional investor recently bought a new position in Horizon Kinetics Blockchain Development ETF stock. Flow Traders U.S. LLC acquired a new position in shares of Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,197 shares of the company’s stock, valued at approximately $318,000. Flow Traders U.S. LLC owned about 1.62% of Horizon Kinetics Blockchain Development ETF at the end of the most recent reporting period.

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.