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

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,700 shares, an increase of 103.6% from the February 28th total of 2,800 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP raised its position in Siren Nasdaq NexGen Economy ETF by 65.3% in 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 in the last quarter. Glass Jacobson Investment Advisors llc raised its holdings in Siren Nasdaq NexGen Economy ETF by 4.9% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 17,189 shares of the company’s stock valued at $441,000 after acquiring an additional 802 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Siren Nasdaq NexGen Economy ETF in the fourth quarter worth approximately $938,000. Financial Engines Advisors L.L.C. grew 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 acquiring an additional 27,601 shares in the last quarter. Finally, Smart Portfolios LLC purchased a new stake in shares of Siren Nasdaq NexGen Economy ETF in the 4th quarter valued at approximately $215,000.

Siren Nasdaq NexGen Economy ETF Stock Down 3.9 %

Shares of BLCN stock opened at $19.45 on Friday. Siren Nasdaq NexGen Economy ETF has a 52 week low of $19.00 and a 52 week high of $30.66. The firm has a 50 day moving average of $23.57 and a two-hundred day moving average of $25.56. The stock has a market capitalization of $45.32 million, a PE ratio of 16.65 and a beta of 1.24.

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.