Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Increases By 241.7%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a significant increase in short interest in 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.

Institutional Investors Weigh In On Siren Nasdaq NexGen Economy ETF

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

Siren Nasdaq NexGen Economy ETF Stock Performance

Shares of Siren Nasdaq NexGen Economy ETF stock traded down $0.49 on Tuesday, hitting $29.15. The stock had a trading volume of 54,259 shares, compared to its average volume of 20,144. The stock has a 50 day moving average of $25.25 and a 200 day moving average of $25.82. Siren Nasdaq NexGen Economy ETF has a twelve month low of $19.00 and a twelve month high of $30.00. The firm has a market capitalization of $72.88 million, a P/E ratio of 20.80 and a beta of 1.24.

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.