Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Short Interest Down 94.4% in June

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 957 shares, a decrease of 94.4% from the June 15th total of 16,971 shares. Based on an average trading volume of 2,453 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Horizon Kinetics Blockchain Development ETF Price Performance

Shares of NYSEARCA BCDF traded up $0.05 during mid-day trading on Friday, hitting $31.17. The company had a trading volume of 585 shares, compared to its average volume of 2,211. The company has a market capitalization of $22.75 million, a PE ratio of 21.22 and a beta of 0.74. Horizon Kinetics Blockchain Development ETF has a 1-year low of $29.01 and a 1-year high of $36.27. The business’s 50-day simple moving average is $31.58 and its 200 day simple moving average is $31.41.

Institutional Investors Weigh In On Horizon Kinetics Blockchain Development ETF

A hedge fund recently bought a new stake in Horizon Kinetics Blockchain Development ETF stock. Flow Traders U.S. LLC acquired a new stake in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 and Exchange Commission.

About Horizon Kinetics Blockchain Development ETF

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.