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

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCNGet Free Report)’s share price dropped 3.6% during trading on Monday . The stock traded as low as $25.12 and last traded at $25.33. Approximately 85,459 shares were traded during trading, an increase of 264% from the average daily volume of 23,463 shares. The stock had previously closed at $26.27.

Siren Nasdaq NexGen Economy ETF Trading Down 4.7%

The firm’s fifty day moving average price is $23.14 and its 200 day moving average price is $24.00. The firm has a market capitalization of $34.38 million, a PE ratio of 21.54 and a beta of 1.58.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Several institutional investors and hedge funds have recently modified their holdings of BLCN. Jane Street Group LLC purchased a new position in shares of Siren Nasdaq NexGen Economy ETF during the 4th quarter valued at $555,000. Western Wealth Management LLC purchased a new position in shares of Siren Nasdaq NexGen Economy ETF during the 1st quarter valued at $152,000. Kestra Advisory Services LLC bought a new stake in Siren Nasdaq NexGen Economy ETF in the fourth quarter worth $56,000. Osaic Holdings Inc. boosted its holdings 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 worth $235,000 after purchasing an additional 2,283 shares in the last quarter. Finally, CWM LLC boosted its holdings in 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 worth $35,000 after purchasing an additional 1,443 shares in the last quarter.

Siren Nasdaq NexGen Economy ETF Company Profile

(Get Free Report)

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.

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