Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Shares Up 0.7% – Should You Buy?

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) rose 0.7% on Friday . The company traded as high as $24.95 and last traded at $24.89. Approximately 9,227 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 14,321 shares. The stock had previously closed at $24.72.

Siren Nasdaq NexGen Economy ETF Price Performance

The business’s 50 day simple moving average is $25.16 and its 200 day simple moving average is $25.45. The stock has a market cap of $37.83 million, a P/E ratio of 21.54 and a beta of 1.60.

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 dividend of $0.6912 per share. This represents a $2.76 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Friday, December 19th.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

A number of large investors have recently bought and sold shares of the stock. Smart Portfolios LLC acquired a new position in Siren Nasdaq NexGen Economy ETF during the second quarter worth $206,000. Osaic Holdings Inc. increased its position in shares of Siren Nasdaq NexGen Economy ETF by 29.3% during the 2nd quarter. Osaic Holdings Inc. now owns 10,085 shares of the company’s stock worth $235,000 after purchasing an additional 2,283 shares in the last quarter. Jane Street Group LLC bought a new position in Siren Nasdaq NexGen Economy ETF during the 1st quarter valued at about $297,000. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in Siren Nasdaq NexGen Economy ETF by 11.3% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 19,136 shares of the company’s stock valued at $446,000 after purchasing an additional 1,947 shares during 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.