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

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) saw 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. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in Siren Nasdaq NexGen Economy ETF by 92.6% during the 3rd quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock valued at $371,000 after purchasing an additional 7,126 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings 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 valued at $410,000 after purchasing an additional 668 shares during the last quarter. Smart Portfolios LLC bought a new position in Siren Nasdaq NexGen Economy ETF during the 4th quarter valued at about $215,000. Flow Traders U.S. LLC bought a new position in Siren Nasdaq NexGen Economy ETF during the 3rd quarter valued at about $225,000. Finally, Susquehanna International Group LLP lifted 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 valued at $2,264,000 after purchasing an additional 34,881 shares during the last quarter.

Siren Nasdaq NexGen Economy ETF Stock Performance

Shares of NASDAQ:BLCN traded up $0.26 during midday trading on Wednesday, reaching $20.59. 2,248 shares of the company’s stock were exchanged, compared to its average volume of 17,149. Siren Nasdaq NexGen Economy ETF has a 12 month low of $19.00 and a 12 month high of $30.66. The firm has a market capitalization of $47.98 million, a PE ratio of 19.29 and a beta of 1.24. The company’s 50 day simple moving average is $25.07 and its two-hundred day simple moving average is $25.94.

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.