Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Trading Down 3.3% – Time to Sell?

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN)’s stock price was down 3.3% during mid-day trading on Monday . The company traded as low as $23.96 and last traded at $24.34. Approximately 5,413 shares changed hands during trading, a decline of 53% from the average daily volume of 11,457 shares. The stock had previously closed at $25.16.

Siren Nasdaq NexGen Economy ETF Stock Down 3.3%

The stock’s 50 day moving average price is $27.64 and its 200-day moving average price is $24.64. The stock has a market capitalization of $39.67 million, a PE ratio of 21.54 and a beta of 1.60.

Institutional Trading of Siren Nasdaq NexGen Economy ETF

Several hedge funds have recently made changes to their positions in BLCN. Wealthfront Advisers LLC increased its holdings in shares of Siren Nasdaq NexGen Economy ETF by 5.7% in the 1st quarter. Wealthfront Advisers LLC now owns 11,521 shares of the company’s stock valued at $220,000 after acquiring an additional 626 shares during the period. Smart Portfolios LLC purchased a new stake in shares of Siren Nasdaq NexGen Economy ETF during the second quarter valued at $206,000. Financial Engines Advisors L.L.C. grew its stake in Siren Nasdaq NexGen Economy ETF by 12.0% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 146,856 shares of the company’s stock valued at $2,809,000 after purchasing an additional 15,713 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in Siren Nasdaq NexGen Economy ETF by 11.3% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 19,136 shares of the company’s stock worth $446,000 after buying an additional 1,947 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Siren Nasdaq NexGen Economy ETF during the first quarter worth $297,000.

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.