Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Up 111.1% in July

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 3,800 shares, an increase of 111.1% from the June 30th total of 1,800 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Siren Nasdaq NexGen Economy ETF

A number of hedge funds have recently bought and sold shares of BLCN. International Assets Investment Management LLC grew its stake in Siren Nasdaq NexGen Economy ETF by 2,339.8% during the 4th quarter. International Assets Investment Management LLC now owns 7,173 shares of the company’s stock valued at $175,000 after purchasing an additional 6,879 shares in the last quarter. Vima LLC acquired a new position in shares of Siren Nasdaq NexGen Economy ETF in the 4th quarter worth approximately $48,000. Finally, Glass Jacobson Investment Advisors llc grew its position in shares of 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 worth $215,000 after acquiring an additional 1,462 shares in the last quarter.

Siren Nasdaq NexGen Economy ETF Trading Up 5.8 %

NASDAQ BLCN traded up $1.52 during mid-day trading on Friday, reaching $27.73. 19,471 shares of the company’s stock traded hands, compared to its average volume of 20,170. Siren Nasdaq NexGen Economy ETF has a 1-year low of $18.24 and a 1-year high of $28.79. The company has a fifty day simple moving average of $26.78 and a 200-day simple moving average of $25.92. The company has a market cap of $69.33 million, a price-to-earnings ratio of 20.80 and a beta of 1.24.

Siren Nasdaq NexGen Economy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 21st were paid a dividend of $0.1259 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, June 21st. This is a positive change from Siren Nasdaq NexGen Economy ETF’s previous quarterly dividend of $0.03.

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.