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

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a large increase in short interest during the month of 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 days-to-cover ratio is presently 0.2 days.

Siren Nasdaq NexGen Economy ETF Stock Down 1.7 %

Shares of NASDAQ:BLCN traded down $0.49 during trading on Tuesday, reaching $29.15. The stock had a trading volume of 54,259 shares, compared to its average volume of 20,144. Siren Nasdaq NexGen Economy ETF has a 52 week low of $19.00 and a 52 week high of $30.00. The stock has a fifty day simple moving average of $25.25 and a two-hundred day simple moving average of $25.82. The firm has a market capitalization of $72.88 million, a price-to-earnings ratio of 20.80 and a beta of 1.24.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC increased its position in 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 buying an additional 6,382 shares during the period. Glass Jacobson Investment Advisors llc grew its position 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 acquiring an additional 1,390 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF in the 2nd quarter worth approximately $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.