Hashdex Nasdaq Crypto Index US ETF (NASDAQ:NCIQ) Sees Large Drop in Short Interest

Hashdex Nasdaq Crypto Index US ETF (NASDAQ:NCIQ) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 31,168 shares, a drop of 62.1% from the June 30th total of 82,167 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 27,221 shares, the days-to-cover ratio is currently 1.1 days.

Hashdex Nasdaq Crypto Index US ETF Price Performance

Hashdex Nasdaq Crypto Index US ETF stock opened at $16.00 on Monday. Hashdex Nasdaq Crypto Index US ETF has a one year low of $14.38 and a one year high of $34.26. The stock’s 50 day moving average price is $16.39 and its 200 day moving average price is $18.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arax Advisory Partners acquired a new stake in Hashdex Nasdaq Crypto Index US ETF during the 4th quarter valued at $31,000. Optima Capital LLC acquired a new position in Hashdex Nasdaq Crypto Index US ETF in the 4th quarter worth $52,000. CWM LLC lifted its holdings in Hashdex Nasdaq Crypto Index US ETF by 398.8% in the 4th quarter. CWM LLC now owns 2,494 shares of the company’s stock worth $57,000 after buying an additional 1,994 shares in the last quarter. Victory Financial Group LLC purchased a new position in Hashdex Nasdaq Crypto Index US ETF in the 4th quarter valued at about $386,000. Finally, Flow Traders U.S. LLC purchased a new position in Hashdex Nasdaq Crypto Index US ETF in the 3rd quarter valued at about $595,000.

About Hashdex Nasdaq Crypto Index US ETF

The Hashdex Nasdaq Crypto Index US ETF (NCIQ) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.