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

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 10,383 shares, a growth of 703.0% from the December 15th total of 1,293 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,467 shares, the days-to-cover ratio is presently 7.1 days. Based on an average daily trading volume, of 1,467 shares, the days-to-cover ratio is presently 7.1 days. Currently, 1.6% of the shares of the company are short sold.

Institutional Trading of 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 purchased a new stake in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,197 shares of the company’s stock, valued at approximately $318,000. Flow Traders U.S. LLC owned approximately 1.62% of Horizon Kinetics Blockchain Development ETF at the end of the most recent reporting period.

Horizon Kinetics Blockchain Development ETF Price Performance

Shares of BCDF stock traded up $0.39 during mid-day trading on Wednesday, hitting $31.65. The stock had a trading volume of 1,676 shares, compared to its average volume of 908. The firm has a market cap of $20.57 million, a PE ratio of 21.22 and a beta of 0.77. The company’s 50-day simple moving average is $30.92 and its 200-day simple moving average is $31.25. Horizon Kinetics Blockchain Development ETF has a fifty-two week low of $25.52 and a fifty-two week high of $32.49.

Horizon Kinetics Blockchain Development ETF Announces Dividend

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

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.