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

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a significant drop in short interest in the month of 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 short-interest ratio is currently 0.4 days.

Siren Nasdaq NexGen Economy ETF Stock Down 2.0 %

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new position in shares of Siren Nasdaq NexGen Economy ETF in the 3rd quarter valued at $225,000. Jane Street Group LLC raised its position in Siren Nasdaq NexGen Economy ETF by 92.6% in the third quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock worth $371,000 after purchasing an additional 7,126 shares in the last quarter. International Assets Investment Management LLC raised its position in Siren Nasdaq NexGen Economy ETF by 2,399.2% in the third 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. Glass Jacobson Investment Advisors llc boosted its holdings in Siren Nasdaq NexGen Economy ETF by 9.7% during the second quarter. Glass Jacobson Investment Advisors llc now owns 15,719 shares of the company’s stock valued at $410,000 after purchasing an additional 1,390 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Siren Nasdaq NexGen Economy ETF during the second quarter valued at approximately $30,000.

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.