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

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 11,100 shares, a growth of 382.6% from the March 31st total of 2,300 shares. Based on an average trading volume of 26,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. grew its holdings in Siren Nasdaq NexGen Economy ETF by 4.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 72,249 shares of the company’s stock valued at $1,372,000 after buying an additional 2,943 shares during the period. Glass Jacobson Investment Advisors llc increased its holdings in Siren Nasdaq NexGen Economy ETF by 19.9% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 8,816 shares of the company’s stock worth $215,000 after purchasing an additional 1,462 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Siren Nasdaq NexGen Economy ETF by 2,339.8% in the 4th quarter. International Assets Investment Management LLC now owns 7,173 shares of the company’s stock valued at $175,000 after acquiring an additional 6,879 shares during the last quarter. Finally, Vima LLC bought a new stake in shares of Siren Nasdaq NexGen Economy ETF in the 4th quarter valued at approximately $48,000.

Siren Nasdaq NexGen Economy ETF Stock Up 0.9 %

Shares of NASDAQ BLCN traded up $0.22 during mid-day trading on Friday, hitting $25.62. 3,459 shares of the company were exchanged, compared to its average volume of 24,266. The stock has a 50 day simple moving average of $26.69 and a 200-day simple moving average of $23.42. Siren Nasdaq NexGen Economy ETF has a 1-year low of $18.24 and a 1-year high of $28.52. The firm has a market cap of $73.02 million, a price-to-earnings ratio of 20.37 and a beta of 1.24.

Siren Nasdaq NexGen Economy ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 25th were given a $0.0458 dividend. The ex-dividend date was Friday, March 22nd. This is a boost from Siren Nasdaq NexGen Economy ETF’s previous dividend of $0.01.

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.