Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Sees Large Increase in Short Interest

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

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Large investors have recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc lifted its position in Siren Nasdaq NexGen Economy ETF by 17.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 7,354 shares of the company’s stock worth $140,000 after buying an additional 1,085 shares during the period. Financial Engines Advisors L.L.C. lifted its position in Siren Nasdaq NexGen Economy ETF by 4.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 72,249 shares of the company’s stock worth $1,372,000 after buying an additional 2,943 shares during the period. Vima LLC purchased a new position in shares of Siren Nasdaq NexGen Economy ETF in the 4th quarter worth about $48,000. Finally, International Assets Investment Management LLC raised its holdings in shares of 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 worth $175,000 after purchasing an additional 6,879 shares during the period.

Siren Nasdaq NexGen Economy ETF Trading Down 0.2 %

Shares of NASDAQ:BLCN traded down $0.05 on Friday, hitting $25.35. The company had a trading volume of 3,494 shares, compared to its average volume of 24,268. Siren Nasdaq NexGen Economy ETF has a 52-week low of $18.24 and a 52-week high of $28.52. The business has a 50 day moving average of $26.69 and a 200 day moving average of $23.44. The company has a market cap of $72.25 million, a PE ratio of 20.37 and a beta of 1.24.

Siren Nasdaq NexGen Economy ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 25th were given a dividend of $0.0458 per share. The ex-dividend date was Friday, March 22nd. This is an increase from Siren Nasdaq NexGen Economy ETF’s previous dividend of $0.01.

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.