Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Expands By 104.4%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 41,500 shares, agrowthof104.4% from the June 30th total of 20,300 shares. Based on an average trading volume of 11,000 shares, the short-interest ratio is currently 3.8 days. Based on an average trading volume of 11,000 shares, the short-interest ratio is currently 3.8 days.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. boosted its holdings in Siren Nasdaq NexGen Economy ETF by 12.0% during the first quarter. Financial Engines Advisors L.L.C. now owns 146,856 shares of the company’s stock worth $2,809,000 after buying an additional 15,713 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in Siren Nasdaq NexGen Economy ETF by 65.3% during the fourth quarter. Susquehanna International Group LLP now owns 88,299 shares of the company’s stock worth $2,264,000 after buying an additional 34,881 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Siren Nasdaq NexGen Economy ETF during the fourth quarter worth $938,000. Glass Jacobson Investment Advisors llc boosted its holdings in Siren Nasdaq NexGen Economy ETF by 11.3% during the second quarter. Glass Jacobson Investment Advisors llc now owns 19,136 shares of the company’s stock worth $446,000 after buying an additional 1,947 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Siren Nasdaq NexGen Economy ETF during the first quarter worth $297,000.

Siren Nasdaq NexGen Economy ETF Price Performance

BLCN stock opened at $23.75 on Tuesday. The firm’s fifty day simple moving average is $23.27 and its 200-day simple moving average is $22.29. The company has a market capitalization of $47.03 million, a P/E ratio of 21.54 and a beta of 1.24. Siren Nasdaq NexGen Economy ETF has a 12 month low of $16.24 and a 12 month high of $30.66.

Siren Nasdaq NexGen Economy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 25th. Investors of record on Tuesday, June 24th were issued a dividend of $0.0303 per share. The ex-dividend date of this dividend was Tuesday, June 24th.

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.