Short Interest in Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Declines By 92.9%

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN – Get Rating) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 2,400 shares, a decline of 92.9% from the April 30th total of 33,900 shares. Based on an average trading volume of 28,200 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Money Design Co. Ltd. bought a new stake in shares of Siren Nasdaq NexGen Economy ETF during the first quarter valued at approximately $1,820,000. Jane Street Group LLC raised its holdings in shares of Siren Nasdaq NexGen Economy ETF by 378.3% during the first quarter. Jane Street Group LLC now owns 62,460 shares of the company’s stock valued at $1,340,000 after buying an additional 49,402 shares during the last quarter. OLD Mission Capital LLC raised its holdings in shares of Siren Nasdaq NexGen Economy ETF by 6,862.2% during the first quarter. OLD Mission Capital LLC now owns 26,317 shares of the company’s stock valued at $564,000 after buying an additional 25,939 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Siren Nasdaq NexGen Economy ETF by 65.1% during the first quarter. Royal Bank of Canada now owns 52,907 shares of the company’s stock valued at $1,961,000 after buying an additional 20,853 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Siren Nasdaq NexGen Economy ETF by 122.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 32,861 shares of the company’s stock valued at $1,218,000 after buying an additional 18,095 shares during the last quarter.

Siren Nasdaq NexGen Economy ETF Stock Up 1.2 %

BLCN stock traded up $0.25 during midday trading on Friday, reaching $20.79. The company had a trading volume of 5,952 shares, compared to its average volume of 31,427. The stock has a 50 day moving average price of $20.79 and a 200 day moving average price of $20.97. Siren Nasdaq NexGen Economy ETF has a fifty-two week low of $19.17 and a fifty-two week high of $30.61. The firm has a market capitalization of $77.32 million, a PE ratio of 11.48 and a beta of 1.24.

Siren Nasdaq NexGen Economy ETF Company Profile

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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.