Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Drops By 61.7%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 3,100 shares, a decrease of 61.7% from the August 15th total of 8,100 shares. Based on an average trading volume of 20,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

A number of hedge funds have recently made changes to their positions in BLCN. Vima LLC bought a new position in Siren Nasdaq NexGen Economy ETF during the fourth quarter worth $48,000. Glass Jacobson Investment Advisors llc lifted its stake in shares of Siren Nasdaq NexGen Economy ETF by 9.7% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 15,719 shares of the company’s stock worth $410,000 after buying an additional 1,390 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF during the 2nd quarter worth about $30,000.

Siren Nasdaq NexGen Economy ETF Price Performance

BLCN stock traded up $0.85 during trading hours on Friday, reaching $24.87. The stock had a trading volume of 5,321 shares, compared to its average volume of 20,740. The stock has a 50-day simple moving average of $25.62 and a 200 day simple moving average of $26.23. Siren Nasdaq NexGen Economy ETF has a fifty-two week low of $18.24 and a fifty-two week high of $28.79. The stock has a market capitalization of $62.18 million, a PE ratio of 20.80 and a beta of 1.24.

Siren Nasdaq NexGen Economy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 21st were paid a $0.1259 dividend. This is an increase from Siren Nasdaq NexGen Economy ETF’s previous quarterly dividend of $0.03. This represents a $0.50 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, June 21st.

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.