Nicholas Crypto Income ETF (NYSEARCA:BLOX) Sees Large Growth in Short Interest

Nicholas Crypto Income ETF (NYSEARCA:BLOX) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 73,154 shares, a growth of 227.3% from the July 30th total of 22,352 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 325,711 shares, the short-interest ratio is presently 0.2 days.

Nicholas Crypto Income ETF Stock Performance

NYSEARCA:BLOX traded up $0.46 during mid-day trading on Thursday, hitting $14.37. The stock had a trading volume of 183,031 shares, compared to its average volume of 373,355. Nicholas Crypto Income ETF has a twelve month low of $11.93 and a twelve month high of $28.00. The stock has a market cap of $305.65 million, a price-to-earnings ratio of -57.48 and a beta of 3.13. The company’s 50 day simple moving average is $14.24 and its 200 day simple moving average is $15.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BLOX. ZEGA Investments LLC increased its holdings in shares of Nicholas Crypto Income ETF by 38.3% during the 2nd quarter. ZEGA Investments LLC now owns 13,962 shares of the company’s stock worth $217,000 after acquiring an additional 3,865 shares during the last quarter. SMART Wealth LLC increased its position in Nicholas Crypto Income ETF by 46.8% during 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 period. Finally, Nicholas Wealth LLC. increased its position in Nicholas Crypto Income ETF by 16.2% during the first 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 during the period. 93.93% of the stock is currently owned by institutional investors.