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

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

Siren Nasdaq NexGen Economy ETF Trading Up 0.9 %

BLCN stock traded up $0.22 on Friday, hitting $25.62. The company’s stock had a trading volume of 3,459 shares, compared to its average volume of 24,266. The stock has a market cap of $73.02 million, a price-to-earnings ratio of 20.37 and a beta of 1.24. The firm has a 50 day moving average of $26.69 and a two-hundred day 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.

Siren Nasdaq NexGen Economy ETF Increases Dividend

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

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Several institutional investors have recently bought and sold shares of the company. Vima LLC acquired a new position in Siren Nasdaq NexGen Economy ETF in the 4th quarter valued at $48,000. International Assets Investment Management LLC increased its stake in 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 buying an additional 6,879 shares during the period. Glass Jacobson Investment Advisors llc increased its stake in Siren Nasdaq NexGen Economy ETF by 19.9% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 8,816 shares of the company’s stock valued at $215,000 after buying an additional 1,462 shares during the period. Finally, Financial Engines Advisors L.L.C. increased its stake 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.

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.