Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Sees Significant Growth in Short Interest

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) saw a large growth in short interest during the month of 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 daily volume of 26,800 shares, the days-to-cover ratio is currently 0.4 days.

Siren Nasdaq NexGen Economy ETF Trading Down 0.6 %

Shares of Siren Nasdaq NexGen Economy ETF stock traded down $0.15 during trading hours on Thursday, hitting $25.40. 12,330 shares of the company were exchanged, compared to its average volume of 24,528. The business has a 50-day moving average of $26.69 and a 200-day moving average of $23.42. Siren Nasdaq NexGen Economy ETF has a 1 year low of $18.24 and a 1 year high of $28.52. The stock has a market capitalization of $72.39 million, a price-to-earnings ratio of 20.37 and a beta of 1.24.

Siren Nasdaq NexGen Economy ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc increased its position in Siren Nasdaq NexGen Economy ETF by 17.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 7,354 shares of the company’s stock worth $140,000 after purchasing an additional 1,085 shares during the period. Vima LLC acquired a new stake in Siren Nasdaq NexGen Economy ETF in the fourth quarter valued at $48,000. Financial Engines Advisors L.L.C. grew its stake in shares of Siren Nasdaq NexGen Economy ETF by 4.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 72,249 shares of the company’s stock worth $1,372,000 after purchasing an additional 2,943 shares during the period. Finally, International Assets Investment Management LLC increased 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 valued at $175,000 after purchasing an additional 6,879 shares in the last quarter.

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.