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

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN)’s share price traded down 3.6% during mid-day 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 Price Performance

The stock’s 50-day moving average is $24.80 and its 200 day moving average is $25.58. The stock has a market cap 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 firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 19th were paid a $0.6912 dividend. The ex-dividend date was Friday, December 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 11.6%.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Hedge funds have recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc increased its holdings 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 valued at $565,000 after acquiring an additional 1,269 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF in the first quarter valued at approximately $297,000. Osaic Holdings Inc. grew its position in shares of Siren Nasdaq NexGen Economy ETF by 29.3% in the second 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. Smart Portfolios LLC purchased a new position in shares of Siren Nasdaq NexGen Economy ETF during the 2nd quarter worth approximately $206,000. Finally, CWM LLC raised its position in shares of Siren Nasdaq NexGen Economy ETF by 14,430.0% during the 4th quarter. CWM LLC now owns 1,453 shares of the company’s stock worth $35,000 after purchasing an additional 1,443 shares during the last quarter.

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.