Short Interest in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Declines By 14.0%

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 2,699 shares, a decline of 14.0% from the January 15th total of 3,137 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 3,439 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 3,439 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s shares are short sold.

Horizon Kinetics Blockchain Development ETF Price Performance

NYSEARCA BCDF traded up $0.58 during mid-day trading on Wednesday, hitting $30.53. The company’s stock had a trading volume of 104 shares, compared to its average volume of 2,623. The firm has a market capitalization of $20.76 million, a P/E ratio of 21.22 and a beta of 0.77. The stock’s fifty day simple moving average is $31.05 and its two-hundred day simple moving average is $31.22. Horizon Kinetics Blockchain Development ETF has a 52-week low of $25.52 and a 52-week high of $36.27.

Horizon Kinetics Blockchain Development ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were given a $0.7633 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a yield of 250.0%.

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 bought a new stake in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 quarter.

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.