Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Sees Large Drop in Short Interest

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCNGet Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 2,700 shares, a drop of 27.0% from the April 30th total of 3,700 shares. Based on an average daily volume of 24,600 shares, the short-interest ratio is currently 0.1 days.

Siren Nasdaq NexGen Economy ETF Stock Up 0.2 %

BLCN stock traded up $0.04 during trading on Thursday, reaching $26.24. The stock had a trading volume of 1,463 shares, compared to its average volume of 22,163. The company has a market capitalization of $74.78 million, a price-to-earnings ratio of 20.80 and a beta of 1.24. Siren Nasdaq NexGen Economy ETF has a one year low of $18.24 and a one year high of $28.52. The company’s 50 day moving average is $26.32 and its two-hundred day moving average is $24.62.

Siren Nasdaq NexGen Economy ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 25th were given a dividend of $0.0458 per share. This is an increase from Siren Nasdaq NexGen Economy ETF’s previous dividend of $0.01. The ex-dividend date of this dividend was Friday, March 22nd.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

A number of large investors have recently added to or reduced their stakes in the stock. Vima LLC bought a new stake in shares of Siren Nasdaq NexGen Economy ETF in the fourth quarter valued at $48,000. International Assets Investment Management LLC increased its holdings in Siren Nasdaq NexGen Economy ETF by 2,339.8% in the 4th quarter. International Assets Investment Management LLC now owns 7,173 shares of the company’s stock worth $175,000 after acquiring an additional 6,879 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its stake in Siren Nasdaq NexGen Economy ETF by 19.9% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 8,816 shares of the company’s stock valued at $215,000 after acquiring an additional 1,462 shares during the period. Finally, Financial Engines Advisors L.L.C. lifted its holdings in Siren Nasdaq NexGen Economy ETF by 4.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 72,249 shares of the company’s stock valued at $1,372,000 after purchasing an additional 2,943 shares during the last quarter.

About Siren Nasdaq NexGen Economy ETF

(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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