Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Down 70.9% in December

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 9,100 shares, a drop of 70.9% from the November 30th total of 31,300 shares. Based on an average daily volume of 20,400 shares, the short-interest ratio is presently 0.4 days.

Siren Nasdaq NexGen Economy ETF Stock Performance

Shares of BLCN stock traded down $0.54 during trading hours on Friday, hitting $26.12. The company had a trading volume of 4,319 shares, compared to its average volume of 20,287. The firm has a market capitalization of $65.30 million, a price-to-earnings ratio of 20.80 and a beta of 1.24. Siren Nasdaq NexGen Economy ETF has a 12 month low of $19.00 and a 12 month high of $30.66. The firm’s fifty day moving average is $27.61 and its 200 day moving average is $26.35.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc increased its stake in shares of Siren Nasdaq NexGen Economy ETF by 4.2% in the third quarter. Glass Jacobson Investment Advisors llc now owns 16,387 shares of the company’s stock valued at $410,000 after buying an additional 668 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Siren Nasdaq NexGen Economy ETF in the second quarter worth about $30,000. International Assets Investment Management LLC lifted its position in shares of Siren Nasdaq NexGen Economy ETF by 2,399.2% during the third quarter. International Assets Investment Management LLC now owns 6,648 shares of the company’s stock worth $166,000 after purchasing an additional 6,382 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Siren Nasdaq NexGen Economy ETF by 92.6% during the third quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock valued at $371,000 after purchasing an additional 7,126 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF in the third quarter valued at approximately $225,000.

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.