Hashdex Nasdaq Crypto Index US ETF (NASDAQ:NCIQ) Sees Significant Increase in Short Interest

Hashdex Nasdaq Crypto Index US ETF (NASDAQ:NCIQ) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 76,078 shares, a growth of 748.6% from the September 30th total of 8,965 shares. Based on an average daily volume of 44,782 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Hashdex Nasdaq Crypto Index US ETF

A number of institutional investors have recently added to or reduced their stakes in NCIQ. Victory Financial Group LLC boosted its stake in Hashdex Nasdaq Crypto Index US ETF by 7.5% during the third quarter. Victory Financial Group LLC now owns 27,658 shares of the company’s stock worth $587,000 after buying an additional 1,920 shares during the last quarter. Archer Investment Management LLC grew its holdings in Hashdex Nasdaq Crypto Index US ETF by 1,091.9% in the 2nd quarter. Archer Investment Management LLC now owns 157,232 shares of the company’s stock valued at $2,297,000 after buying an additional 144,040 shares in the last quarter. Compound Planning Inc. acquired a new stake in shares of Hashdex Nasdaq Crypto Index US ETF in the 1st quarter worth $670,000. Finally, Baer Investment Advisory LLC acquired a new stake in shares of Hashdex Nasdaq Crypto Index US ETF in the 1st quarter worth $392,000.

Hashdex Nasdaq Crypto Index US ETF Stock Performance

Shares of Hashdex Nasdaq Crypto Index US ETF stock opened at $20.29 on Thursday. The stock’s 50 day simple moving average is $20.33 and its 200-day simple moving average is $18.54. Hashdex Nasdaq Crypto Index US ETF has a 1-year low of $14.38 and a 1-year high of $30.34.

Hashdex Nasdaq Crypto Index US ETF Company Profile

The Hashdex Nasdaq Crypto Index US ETF (NCIQ) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.