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

by · The Cerbat Gem

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 1,200 shares, a drop of 14.3% from the September 30th total of 1,400 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is presently 0.1 days.

Siren Nasdaq NexGen Economy ETF Trading Down 3.3 %

Shares of BLCN traded down $0.85 during trading hours on Thursday, reaching $24.99. 33,901 shares of the stock traded hands, compared to its average volume of 19,736. The company has a market cap of $62.48 million, a P/E ratio of 20.80 and a beta of 1.24. The company’s 50-day moving average price is $25.15 and its two-hundred day moving average price is $25.76. Siren Nasdaq NexGen Economy ETF has a 52-week low of $18.52 and a 52-week high of $28.79.

Institutional Investors Weigh In On Siren Nasdaq NexGen Economy ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of Siren Nasdaq NexGen Economy ETF by 2,399.2% during 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. Glass Jacobson Investment Advisors llc grew its stake in shares of Siren Nasdaq NexGen Economy ETF by 9.7% in 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. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF in the 2nd quarter valued at about $30,000.

Siren Nasdaq NexGen Economy ETF Company Profile

(Get Free Report)

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.

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