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

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

Siren Nasdaq NexGen Economy ETF Price Performance

Siren Nasdaq NexGen Economy ETF stock opened at $20.52 on Thursday. The company’s 50 day simple moving average is $25.07 and its 200 day simple moving average is $25.94. Siren Nasdaq NexGen Economy ETF has a fifty-two week low of $19.00 and a fifty-two week high of $30.66. The firm has a market capitalization of $47.81 million, a price-to-earnings ratio of 19.29 and a beta of 1.24.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

Several hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP raised its holdings in 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 worth $2,264,000 after buying an additional 34,881 shares during the period. Glass Jacobson Investment Advisors llc raised its holdings in Siren Nasdaq NexGen Economy ETF by 4.9% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 17,189 shares of the company’s stock worth $441,000 after buying an additional 802 shares during the period. Raymond James Financial Inc. acquired a new stake in Siren Nasdaq NexGen Economy ETF during the 4th quarter worth approximately $938,000. Financial Engines Advisors L.L.C. raised its holdings in 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 worth $3,363,000 after buying an additional 27,601 shares during the period. Finally, Smart Portfolios LLC acquired a new stake in Siren Nasdaq NexGen Economy ETF during the 4th quarter worth approximately $215,000.

Siren Nasdaq NexGen Economy ETF Company Profile

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.