Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Update

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,900 shares, a decline of 38.7% from the August 31st total of 3,100 shares. Based on an average daily volume of 19,200 shares, the short-interest ratio is currently 0.1 days.

Siren Nasdaq NexGen Economy ETF Stock Down 2.8 %

BLCN stock traded down $0.71 during mid-day trading on Friday, reaching $25.02. 28,609 shares of the company traded hands, compared to its average volume of 20,258. Siren Nasdaq NexGen Economy ETF has a fifty-two week low of $18.24 and a fifty-two week high of $28.79. The firm’s 50 day moving average price is $25.13 and its 200 day moving average price is $26.06. The stock has a market cap of $62.55 million, a price-to-earnings ratio of 20.80 and a beta of 1.24.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Hedge funds have recently modified their holdings 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. Vima LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF during the 4th quarter worth approximately $48,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in shares of 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 worth $410,000 after buying an additional 1,390 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.