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

Nicholas Crypto Income ETF (NYSEARCA:BLOXGet Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 32,346 shares, a drop of 37.6% from the May 31st total of 51,825 shares. Based on an average daily volume of 493,241 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Nicholas Crypto Income ETF

An institutional investor recently raised its stake in Nicholas Crypto Income ETF stock. Nicholas Wealth LLC. raised its holdings in shares of Nicholas Crypto Income ETF (NYSEARCA:BLOXFree Report) by 16.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,226 shares of the company’s stock after acquiring an additional 25,519 shares during the period. Nicholas Crypto Income ETF makes up about 1.6% of Nicholas Wealth LLC.’s portfolio, making the stock its 7th biggest position. Nicholas Wealth LLC. owned about 1.13% of Nicholas Crypto Income ETF worth $2,373,000 as of its most recent SEC filing. 93.93% of the stock is owned by hedge funds and other institutional investors.

Nicholas Crypto Income ETF Price Performance

Nicholas Crypto Income ETF stock opened at $14.40 on Friday. Nicholas Crypto Income ETF has a 52 week low of $11.93 and a 52 week high of $28.00. The company has a market capitalization of $288 million, a price-to-earnings ratio of -57.60 and a beta of -3.66. The stock has a 50-day moving average price of $16.68 and a 200 day moving average price of $17.52.

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