Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Down 61.7% in August

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 3,100 shares, a decline of 61.7% from the August 15th total of 8,100 shares. Based on an average daily trading volume, of 20,000 shares, the short-interest ratio is currently 0.2 days.

Siren Nasdaq NexGen Economy ETF Price Performance

NASDAQ:BLCN traded up $0.64 during trading hours on Friday, hitting $24.66. The company’s stock had a trading volume of 4,620 shares, compared to its average volume of 20,736. The stock has a fifty day simple moving average of $25.66 and a 200-day simple moving average of $26.25. The company has a market capitalization of $61.65 million, a P/E ratio of 20.80 and a beta of 1.24. Siren Nasdaq NexGen Economy ETF has a twelve month low of $18.24 and a twelve month high of $28.79.

Siren Nasdaq NexGen Economy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 21st were paid a $0.1259 dividend. The ex-dividend date of this dividend was Friday, June 21st. This is a positive change from Siren Nasdaq NexGen Economy ETF’s previous quarterly dividend of $0.03. This represents a $0.50 annualized dividend and a yield of 2.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc boosted its position in Siren Nasdaq NexGen Economy ETF by 9.7% in the second quarter. Glass Jacobson Investment Advisors llc now owns 15,719 shares of the company’s stock worth $410,000 after purchasing an additional 1,390 shares during the last quarter. Vima LLC bought a new stake in Siren Nasdaq NexGen Economy ETF during the 4th quarter worth approximately $48,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Siren Nasdaq NexGen Economy ETF in the 2nd quarter valued at about $30,000.

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.