Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Sees Large Decline in Short Interest

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 1,293 shares, a decrease of 42.0% from the November 30th total of 2,230 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,455 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 1,455 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Horizon Kinetics Blockchain Development ETF

An institutional investor recently raised its position in Horizon Kinetics Blockchain Development ETF stock. Adalta Capital Management LLC grew its holdings in shares of Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) by 34.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,425 shares of the company’s stock after purchasing an additional 1,125 shares during the period. Adalta Capital Management LLC owned approximately 0.84% of Horizon Kinetics Blockchain Development ETF worth $123,000 as of its most recent SEC filing.

Horizon Kinetics Blockchain Development ETF Stock Up 0.3%

Shares of BCDF stock traded up $0.08 during mid-day trading on Monday, reaching $30.64. 2,594 shares of the company’s stock traded hands, compared to its average volume of 2,148. Horizon Kinetics Blockchain Development ETF has a 12 month low of $25.52 and a 12 month high of $32.49. The company has a market cap of $19.92 million, a P/E ratio of 21.22 and a beta of 0.77. The company’s 50-day moving average price is $31.07 and its 200-day moving average price is $31.20.

Horizon Kinetics Blockchain Development ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were given a dividend of $0.7633 per share. This represents a yield of 250.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.