Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Expands By 21.7%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 93,006 shares, a growth of 21.7% from the February 26th total of 76,427 shares. Based on an average trading volume of 19,793 shares, the short-interest ratio is presently 4.7 days. Approximately 6.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

A number of institutional investors have recently made changes to their positions in BLCN. CWM LLC boosted its position in shares of Siren Nasdaq NexGen Economy ETF by 14,430.0% in the fourth quarter. CWM LLC now owns 1,453 shares of the company’s stock valued at $35,000 after acquiring an additional 1,443 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF in the fourth quarter worth $56,000. Rockefeller Capital Management L.P. increased its position in 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 acquiring an additional 504 shares during the period. Osaic Holdings Inc. increased its position in Siren Nasdaq NexGen Economy ETF by 29.3% during the second quarter. Osaic Holdings Inc. now owns 10,085 shares of the company’s stock worth $235,000 after acquiring an additional 2,283 shares during the period. Finally, Jane Street Group LLC acquired a new position in Siren Nasdaq NexGen Economy ETF during the 1st quarter valued at $297,000.

Siren Nasdaq NexGen Economy ETF Trading Down 2.7%

NASDAQ:BLCN opened at $20.35 on Tuesday. The firm has a market capitalization of $30.53 million, a PE ratio of 21.54 and a beta of 1.60. Siren Nasdaq NexGen Economy ETF has a 1 year low of $16.24 and a 1 year high of $30.50. The firm’s fifty day simple moving average is $22.85 and its 200 day simple moving average is $25.10.

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.