Nicholas Crypto Income ETF (NYSEARCA:BLOX) Sees Significant Increase in Short Interest

Nicholas Crypto Income ETF (NYSEARCA:BLOX) was the recipient of 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 325,711 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Nicholas Crypto Income ETF

Large investors have recently added to or reduced their stakes in the business. Nicholas Wealth LLC. boosted 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 valued at $2,373,000 after buying an additional 25,519 shares during the period. SMART Wealth LLC lifted its stake in shares of Nicholas Crypto Income ETF by 46.8% in the 1st quarter. SMART Wealth LLC now owns 92,996 shares of the company’s stock valued at $1,204,000 after acquiring an additional 29,655 shares during the last quarter. Finally, ZEGA Investments LLC lifted its stake in shares of Nicholas Crypto Income ETF by 38.3% in the 2nd quarter. ZEGA Investments LLC now owns 13,962 shares of the company’s stock valued at $217,000 after acquiring an additional 3,865 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Nicholas Crypto Income ETF Stock Down 7.4%

Shares of NYSEARCA BLOX traded down $1.06 during trading hours on Friday, reaching $13.25. 360,335 shares of the stock traded hands, compared to its average volume of 373,739. The company has a market capitalization of $281.83 million, a P/E ratio of -53.00 and a beta of 3.13. The company’s 50-day simple moving average is $14.10 and its two-hundred day simple moving average is $15.51. Nicholas Crypto Income ETF has a 52-week low of $11.93 and a 52-week high of $28.00.