Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Down 37.8% in May

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 43,879 shares, a decline of 37.8% from the May 14th total of 70,587 shares. Based on an average daily trading volume, of 28,574 shares, the short-interest ratio is currently 1.5 days. Currently, 3.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Siren Nasdaq NexGen Economy ETF

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Siren Nasdaq NexGen Economy ETF during the 1st quarter worth $297,000. Osaic Holdings Inc. grew its holdings in shares of Siren Nasdaq NexGen Economy ETF by 29.3% during the 2nd quarter. Osaic Holdings Inc. now owns 10,085 shares of the company’s stock worth $235,000 after purchasing an additional 2,283 shares during the period. CWM LLC increased its position in shares of Siren Nasdaq NexGen Economy ETF by 14,430.0% during the 4th quarter. CWM LLC now owns 1,453 shares of the company’s stock worth $35,000 after purchasing an additional 1,443 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF during the 4th quarter worth about $56,000. Finally, Rockefeller Capital Management L.P. raised its holdings in Siren Nasdaq NexGen Economy ETF by 19.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,155 shares of the company’s stock valued at $76,000 after buying an additional 504 shares during the period.

Siren Nasdaq NexGen Economy ETF Stock Up 0.3%

Shares of NASDAQ BLCN traded up $0.09 during midday trading on Tuesday, hitting $26.58. The stock had a trading volume of 16,271 shares, compared to its average volume of 22,788. The company has a market capitalization of $36.68 million, a PE ratio of 21.54 and a beta of 1.61. The stock has a 50 day simple moving average of $24.64 and a 200-day simple moving average of $23.99. Siren Nasdaq NexGen Economy ETF has a 1 year low of $20.01 and a 1 year high of $30.50.

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.