Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Decreases By 31.9%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,200 shares, a drop of 31.9% from the December 15th total of 9,100 shares. Based on an average daily volume of 21,100 shares, the short-interest ratio is presently 0.3 days.

Siren Nasdaq NexGen Economy ETF Price Performance

NASDAQ:BLCN traded up $0.70 during mid-day trading on Wednesday, hitting $26.70. The company’s stock had a trading volume of 7,618 shares, compared to its average volume of 18,324. The business’s fifty day moving average is $27.73 and its two-hundred day moving average is $26.31. The stock has a market cap of $64.61 million, a price-to-earnings ratio of 20.80 and a beta of 1.24. Siren Nasdaq NexGen Economy ETF has a 1 year low of $19.00 and a 1 year high of $30.66.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Glass Jacobson Investment Advisors llc raised its position in Siren Nasdaq NexGen Economy ETF by 4.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 16,387 shares of the company’s stock valued at $410,000 after acquiring an additional 668 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Siren Nasdaq NexGen Economy ETF by 92.6% during the 3rd quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock valued at $371,000 after purchasing an additional 7,126 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Siren Nasdaq NexGen Economy ETF in the 3rd quarter valued at $225,000. International Assets Investment Management LLC boosted its holdings in Siren Nasdaq NexGen Economy ETF by 2,399.2% during the third quarter. International Assets Investment Management LLC now owns 6,648 shares of the company’s stock worth $166,000 after buying an additional 6,382 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Siren Nasdaq NexGen Economy ETF during the second quarter valued at $30,000.

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.