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

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 13,520 shares, an increase of 256.2% from the May 14th total of 3,796 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 2,465 shares, the days-to-cover ratio is presently 5.5 days.

Horizon Kinetics Blockchain Development ETF Stock Up 0.8%

BCDF traded up $0.25 during midday trading on Friday, hitting $31.67. 217 shares of the company traded hands, compared to its average volume of 2,323. The firm has a market capitalization of $22.17 million, a PE ratio of 21.22 and a beta of 0.72. The company’s 50-day moving average is $32.19 and its 200 day moving average is $31.46. Horizon Kinetics Blockchain Development ETF has a 52 week low of $29.70 and a 52 week high of $36.27.

Hedge Funds 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 stake in shares of Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,197 shares of the company’s stock, valued at approximately $318,000. Flow Traders U.S. LLC owned 1.62% of Horizon Kinetics Blockchain Development ETF as of its most recent filing with the Securities and Exchange Commission.

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.