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

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,615 shares, an increase of 138.9% from the August 15th total of 1,932 shares. Based on an average daily volume of 1,152 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.6% of the shares of the stock are short sold.

Horizon Kinetics Blockchain Development ETF Stock Performance

Horizon Kinetics Blockchain Development ETF stock traded down $0.11 on Friday, reaching $33.16. The company’s stock had a trading volume of 202 shares, compared to its average volume of 1,870. The business’s fifty day moving average price is $32.65 and its 200 day moving average price is $31.96. The company has a market cap of $24.21 million, a price-to-earnings ratio of 21.22 and a beta of 0.73. Horizon Kinetics Blockchain Development ETF has a twelve month low of $29.01 and a twelve month high of $36.27.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Horizon Kinetics Blockchain Development ETF stock. Advisory Services Network LLC boosted its stake in shares of Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,289 shares of the company’s stock after acquiring an additional 1,533 shares during the quarter. Advisory Services Network LLC owned approximately 9.60% of Horizon Kinetics Blockchain Development ETF worth $1,973,000 as of its most recent SEC filing.

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.