Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Trading Down 3.6% – Time to Sell?

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) shares traded down 3.6% on Friday . The company traded as low as $23.80 and last traded at $23.80. 4,285 shares were traded during mid-day trading, a decline of 63% from the average session volume of 11,469 shares. The stock had previously closed at $24.68.

Siren Nasdaq NexGen Economy ETF Price Performance

The stock has a market cap of $36.18 million, a PE ratio of 21.54 and a beta of 1.60. The firm has a 50 day moving average of $24.80 and a two-hundred day moving average of $25.58.

Siren Nasdaq NexGen Economy ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 19th were given a $0.6912 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Large investors have recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc grew its position in shares of Siren Nasdaq NexGen Economy ETF by 6.6% during the third quarter. Glass Jacobson Investment Advisors llc now owns 20,405 shares of the company’s stock worth $565,000 after acquiring an additional 1,269 shares during the last quarter. CWM LLC grew its position 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 valued at $35,000 after buying an additional 1,443 shares during the last quarter. Osaic Holdings Inc. increased 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 valued at $235,000 after buying an additional 2,283 shares during the period. Smart Portfolios LLC purchased a new position in Siren Nasdaq NexGen Economy ETF during the 2nd quarter worth $206,000. Finally, Jane Street Group LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF in the 1st quarter worth $297,000.

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.