Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Down 16.0% in January

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 4,200 shares, a decline of 16.0% from the January 15th total of 5,000 shares. Based on an average daily trading volume, of 20,200 shares, the days-to-cover ratio is presently 0.2 days.

Siren Nasdaq NexGen Economy ETF Stock Up 0.2 %

Shares of BLCN stock traded up $0.06 during trading on Monday, reaching $26.00. 6,060 shares of the company’s stock were exchanged, compared to its average volume of 16,222. The firm’s fifty day moving average price is $26.65 and its 200-day moving average price is $26.19. Siren Nasdaq NexGen Economy ETF has a twelve month low of $19.00 and a twelve month high of $30.66. The stock has a market capitalization of $60.58 million, a PE ratio of 20.80 and a beta of 1.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings 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 worth $166,000 after acquiring an additional 6,382 shares during the period. Smart Portfolios LLC acquired a new stake in Siren Nasdaq NexGen Economy ETF during the 4th quarter worth approximately $215,000. Flow Traders U.S. LLC bought a new stake in Siren Nasdaq NexGen Economy ETF in the 3rd quarter valued at $225,000. Jane Street Group LLC grew its holdings in Siren Nasdaq NexGen Economy ETF by 92.6% in the 3rd quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock valued at $371,000 after buying an additional 7,126 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc increased its position in Siren Nasdaq NexGen Economy ETF by 4.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 16,387 shares of the company’s stock worth $410,000 after buying an additional 668 shares during the period.

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.