Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Drops By 26.3%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,400 shares, a drop of 26.3% from the September 15th total of 1,900 shares. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is presently 0.1 days.

Siren Nasdaq NexGen Economy ETF Stock Performance

Shares of NASDAQ BLCN traded up $0.81 during mid-day trading on Monday, hitting $26.20. The stock had a trading volume of 9,863 shares, compared to its average volume of 19,732. The firm has a market cap of $65.49 million, a P/E ratio of 20.80 and a beta of 1.24. The business has a 50 day moving average price of $24.87 and a two-hundred day moving average price of $25.85. Siren Nasdaq NexGen Economy ETF has a 1 year low of $18.24 and a 1 year high of $28.79.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

Several large investors have recently modified their holdings of the business. Vima LLC purchased a new position in shares of Siren Nasdaq NexGen Economy ETF during the fourth quarter valued at approximately $48,000. Ashton Thomas Private Wealth LLC bought a new stake in Siren Nasdaq NexGen Economy ETF in the second quarter valued at $30,000. Finally, Glass Jacobson Investment Advisors llc increased 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 valued at $410,000 after purchasing an additional 1,390 shares during the period.

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.