Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN – Get Rating) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 600 shares, a decline of 25.0% from the January 31st total of 800 shares. Based on an average daily trading volume, of 36,600 shares, the days-to-cover ratio is currently 0.0 days.
Siren Nasdaq NexGen Economy ETF Stock Performance
Shares of NASDAQ BLCN traded up $0.52 during midday trading on Friday, reaching $21.27. 86,749 shares of the company traded hands, compared to its average volume of 48,963. Siren Nasdaq NexGen Economy ETF has a 12 month low of $20.00 and a 12 month high of $39.50. The stock's 50-day simple moving average is $22.05 and its 200-day simple moving average is $23.06. The firm has a market cap of $84.44 million, a PE ratio of 11.48 and a beta of 1.20.
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Siren Nasdaq NexGen Economy ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Friday, December 23rd were given a $0.027 dividend. The ex-dividend date was Thursday, December 22nd. This is a positive change from Siren Nasdaq NexGen Economy ETF's previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a yield of 0.51%.
Institutional Trading of Siren Nasdaq NexGen Economy ETF
Several large investors have recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in Siren Nasdaq NexGen Economy ETF by 66.4% in the first quarter. Raymond James & Associates now owns 26,810 shares of the company's stock worth $994,000 after purchasing an additional 10,702 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Siren Nasdaq NexGen Economy ETF by 122.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 32,861 shares of the company's stock valued at $1,218,000 after buying an additional 18,095 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Siren Nasdaq NexGen Economy ETF by 16.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,164 shares of the company's stock worth $303,000 after acquiring an additional 1,128 shares during the last quarter. Captrust Financial Advisors grew its holdings in Siren Nasdaq NexGen Economy ETF by 543.8% during the 1st quarter. Captrust Financial Advisors now owns 1,603 shares of the company's stock worth $59,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Siren Nasdaq NexGen Economy ETF by 65.1% during the 1st quarter. Royal Bank of Canada now owns 52,907 shares of the company's stock worth $1,961,000 after acquiring an additional 20,853 shares during the last quarter.
About Siren Nasdaq NexGen Economy ETF
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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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