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

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 18,500 shares, a growth of 351.2% from the October 31st total of 4,100 shares. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is presently 1.1 days.

Siren Nasdaq NexGen Economy ETF Trading Up 0.4 %

Shares of Siren Nasdaq NexGen Economy ETF stock traded up $0.11 during trading on Wednesday, reaching $28.81. The stock had a trading volume of 11,379 shares, compared to its average volume of 20,378. The company has a market capitalization of $72.03 million, a price-to-earnings ratio of 20.80 and a beta of 1.24. The stock has a fifty day moving average price of $26.20 and a two-hundred day moving average price of $26.06. Siren Nasdaq NexGen Economy ETF has a 52 week low of $19.00 and a 52 week high of $30.00.

Institutional Investors Weigh In On Siren Nasdaq NexGen Economy ETF

Several institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF during the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC grew 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 valued at $166,000 after purchasing an additional 6,382 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Siren Nasdaq NexGen Economy ETF in the 3rd quarter valued at $225,000. Jane Street Group LLC increased its stake in Siren Nasdaq NexGen Economy ETF by 92.6% in the 3rd quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock valued at $371,000 after buying an additional 7,126 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc lifted its position 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 worth $410,000 after buying an additional 668 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.