Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Stock Price Down 3.6% – Here’s Why

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) shares traded down 3.6% during trading on Friday . The company traded as low as $23.80 and last traded at $23.80. 4,285 shares changed hands during 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 Stock Performance

The business has a 50-day moving average of $24.80 and a 200-day moving average of $25.59. The stock has a market capitalization of $36.18 million, a price-to-earnings ratio of 21.54 and a beta of 1.60.

Siren Nasdaq NexGen Economy ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 19th were issued a $0.6912 dividend. This represents a $2.76 annualized dividend 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

Institutional investors have recently modified their holdings of the business. Glass Jacobson Investment Advisors llc boosted its stake in Siren Nasdaq NexGen Economy ETF by 6.6% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 20,405 shares of the company’s stock worth $565,000 after purchasing an additional 1,269 shares during the period. CWM LLC raised its holdings in shares of Siren Nasdaq NexGen Economy ETF by 14,430.0% in the fourth 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. boosted its stake in shares of Siren Nasdaq NexGen Economy ETF by 29.3% during the second quarter. Osaic Holdings Inc. now owns 10,085 shares of the company’s stock worth $235,000 after buying an additional 2,283 shares during the period. Smart Portfolios LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF during the second quarter worth about $206,000. Finally, Jane Street Group LLC purchased a new position in shares of Siren Nasdaq NexGen Economy ETF during the first quarter worth about $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.