Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Sees Significant Increase in Short Interest

Posted by Teresa Graham on Nov 13th, 2024

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN – Get Free Report) was the recipient of a large 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.

Siren Nasdaq NexGen Economy ETF Stock Performance

Shares of BLCN stock traded down $0.30 on Wednesday, hitting $28.85. The stock had a trading volume of 3,010 shares, compared to its average volume of 20,064. Siren Nasdaq NexGen Economy ETF has a 52-week low of $19.00 and a 52-week high of $30.00. The stock’s 50 day moving average is $25.36 and its 200-day moving average is $25.84. The firm has a market capitalization of $72.13 million, a price-to-earnings ratio of 20.80 and a beta of 1.24.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF in the 2nd quarter valued at about $30,000. International Assets Investment Management LLC raised its stake 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 valued at $166,000 after buying an additional 6,382 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in Siren Nasdaq NexGen Economy ETF by 9.7% during 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 last quarter.

Siren Nasdaq NexGen Economy ETF Company Profile

(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.