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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Horizon Kinetics Blockchain Development ETF stock. Flow Traders U.S. LLC purchased a new position in shares of Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,197 shares of the company’s stock, valued at approximately $318,000. Flow Traders U.S. LLC owned about 1.62% of Horizon Kinetics Blockchain Development ETF at the end of the most recent reporting period.

Horizon Kinetics Blockchain Development ETF Stock Down 0.3%

NYSEARCA:BCDF traded down $0.11 on Friday, reaching $33.16. The stock had a trading volume of 202 shares, compared to its average volume of 1,870. The company has a market capitalization of $24.21 million, a P/E ratio of 21.22 and a beta of 0.73. Horizon Kinetics Blockchain Development ETF has a 1-year low of $29.01 and a 1-year high of $36.27. The stock has a fifty day moving average price of $32.65 and a 200-day moving average price of $31.96.

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.