Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 1,200 shares, a decrease of 14.3% from the September 30th total of 1,400 shares. Based on an average trading volume of 18,600 shares, the days-to-cover ratio is presently 0.1 days.
Siren Nasdaq NexGen Economy ETF Stock Performance
NASDAQ BLCN traded down $0.85 during trading hours on Thursday, reaching $24.99. 33,901 shares of the company’s stock were exchanged, compared to its average volume of 19,736. The company has a market capitalization of $62.48 million, a price-to-earnings ratio of 20.80 and a beta of 1.24. The company’s 50-day moving average is $25.15 and its two-hundred day moving average is $25.76. Siren Nasdaq NexGen Economy ETF has a one year low of $18.52 and a one year high of $28.79.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF during the second quarter worth about $30,000. Glass Jacobson Investment Advisors llc boosted its position 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 acquiring an additional 1,390 shares during the last quarter. Finally, International Assets Investment Management LLC grew 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 in the last quarter.
About Siren Nasdaq NexGen Economy ETF
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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