Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Sees Significant Decrease in Short Interest

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 4,200 shares, a decline of 16.0% from the January 15th total of 5,000 shares. Based on an average daily volume of 20,200 shares, the days-to-cover ratio is currently 0.2 days.

Siren Nasdaq NexGen Economy ETF Stock Performance

Shares of NASDAQ:BLCN traded up $0.06 on Friday, hitting $26.00. 6,060 shares of the company’s stock were exchanged, compared to its average volume of 16,222. The firm’s 50-day moving average is $26.65 and its 200 day moving average is $26.20. The company has a market capitalization of $60.58 million, a PE ratio of 20.80 and a beta of 1.24. Siren Nasdaq NexGen Economy ETF has a 1-year low of $19.00 and a 1-year high of $30.66.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

A number of large investors have recently made changes to their positions in BLCN. International Assets Investment Management LLC boosted its position in shares of Siren Nasdaq NexGen Economy ETF by 2,399.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,648 shares of the company’s stock valued at $166,000 after purchasing an additional 6,382 shares during the period. Flow Traders U.S. LLC purchased a new stake in Siren Nasdaq NexGen Economy ETF during the 3rd quarter valued at approximately $225,000. Jane Street Group LLC raised its stake in Siren Nasdaq NexGen Economy ETF by 92.6% during 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 during the last quarter. Glass Jacobson Investment Advisors llc raised its stake in Siren Nasdaq NexGen Economy ETF by 4.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 16,387 shares of the company’s stock valued at $410,000 after acquiring an additional 668 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Siren Nasdaq NexGen Economy ETF during the 4th quarter valued at approximately $938,000.

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.