Short Interest in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Increases By 69.0%

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,796 shares, an increase of 69.0% from the April 30th total of 2,246 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,955 shares, the days-to-cover ratio is currently 1.9 days.

Horizon Kinetics Blockchain Development ETF Stock Down 0.2%

Shares of BCDF opened at $31.19 on Thursday. The company has a market capitalization of $21.83 million, a price-to-earnings ratio of 21.22 and a beta of 0.74. Horizon Kinetics Blockchain Development ETF has a 52 week low of $29.70 and a 52 week high of $36.27. The stock’s 50-day moving average price is $32.10 and its 200-day moving average price is $31.44.

Institutional Investors 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 acquired a new position in shares of Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 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.