Short Interest in Nicholas Crypto Income ETF (NYSEARCA:BLOX) Increases By 130.2%

Nicholas Crypto Income ETF (NYSEARCA:BLOX) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 168,395 shares, an increase of 130.2% from the August 15th total of 73,154 shares. Based on an average daily volume of 392,112 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the company’s stock are short sold.

Nicholas Crypto Income ETF Stock Performance

NYSEARCA:BLOX traded down $0.55 during trading hours on Tuesday, reaching $13.27. The company’s stock had a trading volume of 317,307 shares, compared to its average volume of 369,326. The stock has a 50 day moving average price of $13.72 and a two-hundred day moving average price of $15.04. The company has a market capitalization of $282.25 million, a P/E ratio of -53.08 and a beta of 3.13. Nicholas Crypto Income ETF has a 12 month low of $11.93 and a 12 month high of $28.00.

Institutional Investors Weigh In On Nicholas Crypto Income ETF

A number of hedge funds have recently made changes to their positions in BLOX. ZEGA Investments LLC lifted its position in shares of Nicholas Crypto Income ETF by 38.3% during the second 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 during the last quarter. SMART Wealth LLC grew its position in shares of Nicholas Crypto Income ETF by 46.8% in 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 last quarter. Finally, Nicholas Wealth LLC. raised its stake in shares of Nicholas Crypto Income ETF by 16.2% during the 1st quarter. Nicholas Wealth LLC. now owns 183,226 shares of the company’s stock worth $2,373,000 after acquiring an additional 25,519 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.