Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Sees Significant Increase in Short Interest

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCNGet Free Report) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 4,100 shares, an increase of 241.7% from the October 15th total of 1,200 shares. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 0.2 days.

Siren Nasdaq NexGen Economy ETF Stock Down 5.2 %

BLCN opened at $27.62 on Thursday. The company has a fifty day simple moving average of $25.42 and a 200 day simple moving average of $25.86. The stock has a market cap of $69.05 million, a P/E ratio of 20.80 and a beta of 1.24. Siren Nasdaq NexGen Economy ETF has a 12 month low of $19.00 and a 12 month high of $30.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in Siren Nasdaq NexGen Economy ETF by 2,399.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,648 shares of the company’s stock valued at $166,000 after acquiring an additional 6,382 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its stake in shares of Siren Nasdaq NexGen Economy ETF by 9.7% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 15,719 shares of the company’s stock valued at $410,000 after purchasing an additional 1,390 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Siren Nasdaq NexGen Economy ETF in the second quarter valued at about $30,000.

Siren Nasdaq NexGen Economy ETF Company Profile

(Get Free Report)

The Siren Nasdaq NexGen Economy ETF (BLCN) is an exchange-traded fund that is based on the Siren NASDAQ Blockchain Economy index. The fund tracks an index of global companies involved in developing, researching, or using blockchain technologies. BLCN was launched on Jan 17, 2018 and is managed by Siren.

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