Nicholas Crypto Income ETF (NYSEARCA:BLOX) Sees Large Growth in Short Interest

Nicholas Crypto Income ETF (NYSEARCA:BLOX) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 168,395 shares, an increase of 130.2% from the August 15th total of 73,154 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 392,112 shares, the days-to-cover ratio is currently 0.4 days.

Nicholas Crypto Income ETF Stock Performance

Shares of Nicholas Crypto Income ETF stock opened at $14.00 on Monday. Nicholas Crypto Income ETF has a 52 week low of $11.93 and a 52 week high of $28.00. The stock has a 50 day moving average price of $13.74 and a two-hundred day moving average price of $15.05. The stock has a market capitalization of $297.78 million, a PE ratio of -56.00 and a beta of 3.13.

Institutional Trading of Nicholas Crypto Income ETF

Hedge funds have recently bought and sold shares of the business. Nicholas Wealth LLC. raised its holdings in Nicholas Crypto Income ETF by 16.2% during the first quarter. Nicholas Wealth LLC. now owns 183,226 shares of the company’s stock worth $2,373,000 after buying an additional 25,519 shares during the last quarter. SMART Wealth LLC grew its holdings in shares of Nicholas Crypto Income ETF by 46.8% during the first quarter. SMART Wealth LLC now owns 92,996 shares of the company’s stock valued at $1,204,000 after buying an additional 29,655 shares during the last quarter. Finally, ZEGA Investments LLC increased its position in shares of Nicholas Crypto Income ETF by 38.3% during the second quarter. ZEGA Investments LLC now owns 13,962 shares of the company’s stock worth $217,000 after acquiring an additional 3,865 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.