Short Interest in Nicholas Crypto Income ETF (NYSEARCA:BLOX) Grows By 227.3%

Nicholas Crypto Income ETF (NYSEARCA:BLOX) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73,154 shares, a growth of 227.3% from the July 30th total of 22,352 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 325,711 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BLOX. Nicholas Wealth LLC. lifted its stake in Nicholas Crypto Income ETF by 16.2% during the first quarter. Nicholas Wealth LLC. now owns 183,226 shares of the company’s stock worth $2,373,000 after purchasing an additional 25,519 shares during the period. SMART Wealth LLC lifted its position in shares of Nicholas Crypto Income ETF by 46.8% during the 1st quarter. SMART Wealth LLC now owns 92,996 shares of the company’s stock worth $1,204,000 after buying an additional 29,655 shares during the period. Finally, ZEGA Investments LLC boosted its stake in Nicholas Crypto Income ETF by 38.3% in the 2nd quarter. ZEGA Investments LLC now owns 13,962 shares of the company’s stock valued at $217,000 after buying an additional 3,865 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Nicholas Crypto Income ETF Stock Performance

Shares of BLOX stock traded down $1.06 during mid-day trading on Friday, reaching $13.25. The company’s stock had a trading volume of 358,691 shares, compared to its average volume of 373,729. Nicholas Crypto Income ETF has a 1-year low of $11.93 and a 1-year high of $28.00. The company has a market cap of $281.83 million, a P/E ratio of -53.00 and a beta of 3.13. The firm’s 50-day moving average is $14.18 and its two-hundred day moving average is $15.55.