Nicholas Crypto Income ETF (NYSEARCA:BLOX) Short Interest Down 64.4% in May

Nicholas Crypto Income ETF (NYSEARCA:BLOX) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 73,389 shares, a decrease of 64.4% from the April 30th total of 206,044 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 347,053 shares, the days-to-cover ratio is currently 0.2 days.

Nicholas Crypto Income ETF Stock Performance

Shares of BLOX traded up $0.37 during mid-day trading on Monday, reaching $18.12. The stock had a trading volume of 496,595 shares, compared to its average volume of 359,874. The firm has a market cap of $311.12 million, a price-to-earnings ratio of -72.48 and a beta of 4.33. Nicholas Crypto Income ETF has a 12 month low of $11.93 and a 12 month high of $28.00. The business has a fifty day moving average of $15.66 and a 200 day moving average of $18.91.

Hedge Funds Weigh In On Nicholas Crypto Income ETF

An institutional investor recently raised its position in Nicholas Crypto Income ETF stock. SMART Wealth LLC increased its stake in shares of Nicholas Crypto Income ETF (NYSEARCA:BLOX) by 46.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,996 shares of the company’s stock after acquiring an additional 29,655 shares during the quarter. SMART Wealth LLC owned about 0.56% of Nicholas Crypto Income ETF worth $1,204,000 at the end of the most recent quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.