Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Trading 0.7% Higher – Here’s What Happened

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

Siren Nasdaq NexGen Economy ETF Trading Up 0.7%

The firm has a market capitalization of $37.83 million, a P/E ratio of 21.54 and a beta of 1.60. The stock has a 50-day simple moving average of $25.16 and a two-hundred day simple moving average of $25.48.

Siren Nasdaq NexGen Economy ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 19th were issued a $0.6912 dividend. This represents a $2.76 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Smart Portfolios LLC acquired a new stake in shares of Siren Nasdaq NexGen Economy ETF in the 2nd quarter worth $206,000. Glass Jacobson Investment Advisors llc increased its position 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 buying an additional 1,947 shares in the last quarter. Jane Street Group LLC acquired a new position in Siren Nasdaq NexGen Economy ETF during the 1st quarter valued at about $297,000. Finally, Osaic Holdings Inc. raised its stake in 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 buying an additional 2,283 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.