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

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

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of 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 valued at $35,000 after purchasing an additional 1,443 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Siren Nasdaq NexGen Economy ETF in the 4th quarter valued at $56,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Siren Nasdaq NexGen Economy ETF by 19.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,155 shares of the company’s stock valued at $76,000 after purchasing an additional 504 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Siren Nasdaq NexGen Economy ETF in the 1st quarter valued at $152,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of 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 valued at $235,000 after purchasing an additional 2,283 shares during the last quarter.

Siren Nasdaq NexGen Economy ETF Stock Performance

BLCN stock opened at $25.99 on Monday. The stock has a market capitalization of $35.87 million, a P/E ratio of 21.54 and a beta of 1.61. Siren Nasdaq NexGen Economy ETF has a one year low of $20.01 and a one year high of $30.50. The company has a 50 day moving average price of $24.53 and a two-hundred day moving average price of $23.98.

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.