Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Short Interest Up 69.0% in May

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 3,796 shares, a growth of 69.0% from the April 30th total of 2,246 shares. Based on an average daily trading volume, of 1,955 shares, the short-interest ratio is presently 1.9 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Horizon Kinetics Blockchain Development ETF

An institutional investor recently bought a new position in Horizon Kinetics Blockchain Development ETF stock. Flow Traders U.S. LLC acquired a new position in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,197 shares of the company’s stock, valued at approximately $318,000. Flow Traders U.S. LLC owned 1.62% of Horizon Kinetics Blockchain Development ETF as of its most recent filing with the Securities & Exchange Commission.

Horizon Kinetics Blockchain Development ETF Stock Down 0.4%

Horizon Kinetics Blockchain Development ETF stock traded down $0.12 during mid-day trading on Wednesday, reaching $31.12. 445 shares of the company’s stock were exchanged, compared to its average volume of 2,409. The business’s fifty day simple moving average is $32.08 and its 200 day simple moving average is $31.45. Horizon Kinetics Blockchain Development ETF has a one year low of $29.70 and a one year high of $36.27. The firm has a market capitalization of $21.78 million, a PE 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.