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

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 2,246 shares, a decline of 70.6% from the April 15th total of 7,643 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 3,139 shares, the days-to-cover ratio is currently 0.7 days.

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 Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,197 shares of the company’s stock, valued at approximately $318,000. Flow Traders U.S. LLC owned approximately 1.62% of Horizon Kinetics Blockchain Development ETF at the end of the most recent reporting period.

Horizon Kinetics Blockchain Development ETF Trading Up 0.3%

BCDF stock opened at $32.83 on Wednesday. The firm has a 50-day moving average price of $31.74 and a 200-day moving average price of $31.31. Horizon Kinetics Blockchain Development ETF has a 12 month low of $29.70 and a 12 month high of $36.27. The stock has a market capitalization of $22.98 million, a P/E ratio of 21.22 and a beta of 0.74.

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.