Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Up 351.2% in November

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 18,500 shares, a growth of 351.2% from the October 31st total of 4,100 shares. Based on an average daily volume of 17,500 shares, the short-interest ratio is currently 1.1 days.

Siren Nasdaq NexGen Economy ETF Price Performance

Shares of BLCN stock traded up $0.66 during trading on Friday, reaching $29.47. The company had a trading volume of 6,484 shares, compared to its average volume of 20,318. The firm’s 50 day simple moving average is $26.37 and its two-hundred day simple moving average is $26.10. Siren Nasdaq NexGen Economy ETF has a one year low of $19.00 and a one year high of $30.00. The company has a market capitalization of $73.68 million, a PE ratio of 20.80 and a beta of 1.24.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF in the 2nd quarter valued at approximately $30,000. International Assets Investment Management LLC raised its stake in shares of 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. Flow Traders U.S. LLC bought a new position in Siren Nasdaq NexGen Economy ETF in the 3rd quarter worth approximately $225,000. Jane Street Group LLC increased its position in Siren Nasdaq NexGen Economy ETF by 92.6% in the 3rd quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock worth $371,000 after buying an additional 7,126 shares during the period. Finally, Glass Jacobson Investment Advisors llc increased its position in 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 worth $410,000 after buying an additional 1,390 shares during the period.

About Siren Nasdaq NexGen Economy ETF

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.