Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Drops By 70.9%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 9,100 shares, a drop of 70.9% from the November 30th total of 31,300 shares. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is currently 0.4 days.

Siren Nasdaq NexGen Economy ETF Stock Performance

Shares of BLCN stock traded down $0.54 on Friday, hitting $26.12. The company’s stock had a trading volume of 4,319 shares, compared to its average volume of 20,287. Siren Nasdaq NexGen Economy ETF has a fifty-two week low of $19.00 and a fifty-two week high of $30.66. The company has a market capitalization of $65.30 million, a PE ratio of 20.80 and a beta of 1.24. The stock’s 50 day moving average is $27.61 and its 200-day moving average is $26.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Glass Jacobson Investment Advisors llc grew 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 worth $410,000 after buying an additional 668 shares in the last quarter. Jane Street Group LLC raised its holdings in Siren Nasdaq NexGen Economy ETF by 92.6% in the 3rd quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock valued at $371,000 after acquiring an additional 7,126 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Siren Nasdaq NexGen Economy ETF during the 3rd quarter valued at $225,000. International Assets Investment Management LLC grew its holdings 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 purchasing an additional 6,382 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Siren Nasdaq NexGen Economy ETF in the second quarter valued at about $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.