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

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,922 shares, a growth of 123.8% from the February 26th total of 3,539 shares. Based on an average daily volume of 2,976 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.2% of the shares of the company are sold short.

Hedge Funds 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 bought a new position in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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.

Horizon Kinetics Blockchain Development ETF Price Performance

Shares of NYSEARCA:BCDF traded down $0.49 during trading on Friday, reaching $30.01. The company had a trading volume of 1,690 shares, compared to its average volume of 2,444. Horizon Kinetics Blockchain Development ETF has a fifty-two week low of $25.52 and a fifty-two week high of $36.27. The stock’s fifty day moving average price is $31.22 and its 200 day moving average price is $31.20. The firm has a market capitalization of $20.41 million, a price-to-earnings ratio of 21.22 and a beta of 0.77.

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.