Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Sees Significant Decline in Short Interest

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 43,879 shares, a decline of 37.8% from the May 14th total of 70,587 shares. Based on an average daily volume of 28,574 shares, the days-to-cover ratio is currently 1.5 days. Approximately 3.2% of the company’s stock are short sold.

Siren Nasdaq NexGen Economy ETF Trading Up 0.6%

NASDAQ BLCN opened at $26.66 on Wednesday. Siren Nasdaq NexGen Economy ETF has a 12-month low of $20.01 and a 12-month high of $30.50. The firm’s fifty day simple moving average is $24.76 and its two-hundred day simple moving average is $24.00. The firm has a market capitalization of $36.79 million, a P/E ratio of 21.54 and a beta of 1.61.

Institutional Investors Weigh In On Siren Nasdaq NexGen Economy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF during the first quarter worth $152,000. Rockefeller Capital Management L.P. lifted its stake in shares of Siren Nasdaq NexGen Economy ETF by 19.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,155 shares of the company’s stock worth $76,000 after buying an additional 504 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF during the fourth quarter worth $56,000. Jane Street Group LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF during the fourth quarter worth $555,000. Finally, CWM LLC lifted its stake in shares of Siren Nasdaq NexGen Economy ETF by 14,430.0% during the fourth quarter. CWM LLC now owns 1,453 shares of the company’s stock worth $35,000 after buying an additional 1,443 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.