Short Interest in Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) Drops By 69.8%

Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 3,137 shares, a decrease of 69.8% from the December 31st total of 10,383 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,973 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 1,973 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.5% of the company’s shares 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 purchased a new position in shares of Horizon Kinetics Blockchain Development ETF (NYSEARCA:BCDF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 at the end of the most recent reporting period.

Horizon Kinetics Blockchain Development ETF Stock Performance

NYSEARCA:BCDF traded down $0.32 during mid-day trading on Friday, hitting $31.49. 1,409 shares of the company’s stock traded hands, compared to its average volume of 2,660. The company has a market capitalization of $21.41 million, a P/E ratio of 21.22 and a beta of 0.77. Horizon Kinetics Blockchain Development ETF has a twelve month low of $25.52 and a twelve month high of $36.27. The company has a fifty day moving average of $31.12 and a 200 day moving average of $31.32.

Horizon Kinetics Blockchain Development ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were given a dividend of $0.7633 per share. This represents a dividend yield of 250.0%. The ex-dividend date 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.