Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Decreases By 81.8%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 2,800 shares, a decrease of 81.8% from the February 13th total of 15,400 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Siren Nasdaq NexGen Economy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLCN. Raymond James Financial Inc. bought a new position in shares of Siren Nasdaq NexGen Economy ETF during the 4th quarter valued at $938,000. Susquehanna International Group LLP raised its holdings in shares of Siren Nasdaq NexGen Economy ETF by 65.3% during the 4th quarter. Susquehanna International Group LLP now owns 88,299 shares of the company’s stock valued at $2,264,000 after purchasing an additional 34,881 shares in the last quarter. Financial Engines Advisors L.L.C. raised its holdings in shares of Siren Nasdaq NexGen Economy ETF by 26.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 131,143 shares of the company’s stock valued at $3,363,000 after purchasing an additional 27,601 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF during the 3rd quarter valued at $225,000. Finally, Smart Portfolios LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF during the 4th quarter valued at $215,000.

Siren Nasdaq NexGen Economy ETF Price Performance

Shares of Siren Nasdaq NexGen Economy ETF stock traded up $0.26 on Wednesday, hitting $20.59. The company had a trading volume of 2,248 shares, compared to its average volume of 17,149. The company has a market cap of $47.98 million, a PE ratio of 19.29 and a beta of 1.24. Siren Nasdaq NexGen Economy ETF has a 52 week low of $19.00 and a 52 week high of $30.66. The business has a 50-day simple moving average of $25.07 and a 200-day simple moving average of $25.94.

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.