Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Sees Large Increase in Short Interest

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 11,100 shares, a growth of 382.6% from the March 31st total of 2,300 shares. Based on an average daily trading volume, of 26,800 shares, the days-to-cover ratio is presently 0.4 days.

Siren Nasdaq NexGen Economy ETF Stock Performance

Shares of BLCN stock traded down $0.05 on Friday, reaching $25.35. 3,494 shares of the company’s stock traded hands, compared to its average volume of 24,268. Siren Nasdaq NexGen Economy ETF has a 12-month low of $18.24 and a 12-month high of $28.52. The company has a market capitalization of $72.25 million, a P/E ratio of 20.37 and a beta of 1.24. The business’s 50 day moving average price is $26.69 and its two-hundred day moving average price is $23.44.

Siren Nasdaq NexGen Economy ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 25th were issued a dividend of $0.0458 per share. This is an increase from Siren Nasdaq NexGen Economy ETF’s previous dividend of $0.01. The ex-dividend date of this dividend was Friday, March 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BLCN. Glass Jacobson Investment Advisors llc grew its stake in Siren Nasdaq NexGen Economy ETF by 17.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 7,354 shares of the company’s stock valued at $140,000 after purchasing an additional 1,085 shares in the last quarter. Financial Engines Advisors L.L.C. grew its stake in Siren Nasdaq NexGen Economy ETF by 4.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 72,249 shares of the company’s stock valued at $1,372,000 after purchasing an additional 2,943 shares in the last quarter. International Assets Investment Management LLC grew its stake in Siren Nasdaq NexGen Economy ETF by 2,339.8% in the fourth quarter. International Assets Investment Management LLC now owns 7,173 shares of the company’s stock valued at $175,000 after purchasing an additional 6,879 shares in the last quarter. Finally, Vima LLC purchased a new position in Siren Nasdaq NexGen Economy ETF in the fourth quarter valued at about $48,000.

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.