Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Update

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 1,900 shares, a decline of 38.7% from the August 31st total of 3,100 shares. Based on an average daily trading volume, of 19,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BLCN. Vima LLC purchased a new position in Siren Nasdaq NexGen Economy ETF in the 4th quarter valued at approximately $48,000. Ashton Thomas Private Wealth LLC purchased a new position in Siren Nasdaq NexGen Economy ETF in the 2nd quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc grew its stake 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 valued at $410,000 after buying an additional 1,390 shares in the last quarter.

Siren Nasdaq NexGen Economy ETF Stock Performance

Siren Nasdaq NexGen Economy ETF stock traded down $0.71 during mid-day trading on Friday, reaching $25.02. The company’s stock had a trading volume of 28,609 shares, compared to its average volume of 20,258. Siren Nasdaq NexGen Economy ETF has a 12-month low of $18.24 and a 12-month high of $28.79. The company has a market capitalization of $62.55 million, a P/E ratio of 20.80 and a beta of 1.24. The firm’s fifty day moving average price is $25.13 and its two-hundred day moving average price is $26.06.

Siren Nasdaq NexGen Economy ETF Company Profile

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.