Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Up 103.6% in March

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,700 shares, an increase of 103.6% from the February 28th total of 2,800 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BLCN. Smart Portfolios LLC bought a new stake in Siren Nasdaq NexGen Economy ETF in the fourth quarter worth about $215,000. Flow Traders U.S. LLC bought a new stake in shares of Siren Nasdaq NexGen Economy ETF during the 3rd quarter worth approximately $225,000. Jane Street Group LLC boosted its holdings in Siren Nasdaq NexGen Economy ETF by 92.6% during the 3rd quarter. Jane Street Group LLC now owns 14,819 shares of the company’s stock valued at $371,000 after acquiring an additional 7,126 shares during the period. Glass Jacobson Investment Advisors llc grew its position in Siren Nasdaq NexGen Economy ETF by 4.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 16,387 shares of the company’s stock valued at $410,000 after acquiring an additional 668 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Siren Nasdaq NexGen Economy ETF in the fourth quarter worth $938,000.

Siren Nasdaq NexGen Economy ETF Stock Down 3.9 %

NASDAQ BLCN traded down $0.78 during trading hours on Friday, hitting $19.45. 2,791 shares of the company were exchanged, compared to its average volume of 16,702. Siren Nasdaq NexGen Economy ETF has a 52 week low of $19.00 and a 52 week high of $30.66. The stock has a 50-day moving average price of $23.57 and a 200 day moving average price of $25.55. The stock has a market cap of $45.32 million, a PE ratio of 16.65 and a beta of 1.24.

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.