Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Short Interest Down 37.8% in May

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 43,879 shares, a drop of 37.8% from the May 14th total of 70,587 shares. Based on an average daily volume of 28,574 shares, the short-interest ratio is currently 1.5 days. Approximately 3.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. increased its stake in shares of Siren Nasdaq NexGen Economy ETF by 19.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,155 shares of the company’s stock worth $76,000 after purchasing an additional 504 shares in the last quarter. CWM LLC grew its stake in Siren Nasdaq NexGen Economy ETF by 14,430.0% in the 4th quarter. CWM LLC now owns 1,453 shares of the company’s stock worth $35,000 after acquiring an additional 1,443 shares during the period. Osaic Holdings Inc. grew its stake in Siren Nasdaq NexGen Economy ETF by 29.3% in the 2nd quarter. Osaic Holdings Inc. now owns 10,085 shares of the company’s stock worth $235,000 after acquiring an additional 2,283 shares during the period. Kestra Advisory Services LLC purchased a new stake in Siren Nasdaq NexGen Economy ETF in the 4th quarter worth approximately $56,000. Finally, Western Wealth Management LLC purchased a new stake in Siren Nasdaq NexGen Economy ETF in the 1st quarter worth approximately $152,000.

Siren Nasdaq NexGen Economy ETF Price Performance

Shares of BLCN opened at $25.99 on Monday. The firm has a 50 day simple moving average of $24.53 and a 200-day simple moving average of $23.98. Siren Nasdaq NexGen Economy ETF has a 1-year low of $20.01 and a 1-year high of $30.50. The stock has a market cap of $35.87 million, a price-to-earnings ratio of 21.54 and a beta of 1.61.

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.