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

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,447 shares, an increase of 61.3% from the July 15th total of 1,517 shares. Based on an average daily trading volume, of 581 shares, the days-to-cover ratio is currently 4.2 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Horizon Kinetics Blockchain Development ETF

An institutional investor recently raised its stake in Horizon Kinetics Blockchain Development ETF stock. Advisory Services Network LLC increased its stake in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,289 shares of the company’s stock after buying an additional 1,533 shares during the quarter. Advisory Services Network LLC owned about 9.60% of Horizon Kinetics Blockchain Development ETF worth $1,973,000 as of its most recent filing with the SEC.

Horizon Kinetics Blockchain Development ETF Stock Down 0.3%

Shares of Horizon Kinetics Blockchain Development ETF stock traded down $0.10 during trading hours on Tuesday, hitting $33.14. The company’s stock had a trading volume of 111 shares, compared to its average volume of 1,973. The business has a fifty day moving average of $31.40 and a 200 day moving average of $31.56. Horizon Kinetics Blockchain Development ETF has a 1-year low of $29.01 and a 1-year high of $36.27. The company has a market capitalization of $24.19 million, a PE ratio of 21.22 and a beta of 0.72.

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.