Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) Stock Price Up 0.9% – Here’s Why

Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN) shares rose 0.9% during trading on Tuesday . The stock traded as high as $26.36 and last traded at $25.84. Approximately 19,929 shares traded hands during trading, an increase of 79% from the average daily volume of 11,160 shares. The stock had previously closed at $25.60.

Siren Nasdaq NexGen Economy ETF Trading Up 0.9%

The company has a 50 day simple moving average of $27.00 and a 200 day simple moving average of $25.08. The stock has a market capitalization of $41.86 million, a PE ratio of 21.54 and a beta of 1.60.

Hedge Funds Weigh In On Siren Nasdaq NexGen Economy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Engines Advisors L.L.C. increased its stake in Siren Nasdaq NexGen Economy ETF by 12.0% in 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 buying an additional 15,713 shares during the period. Glass Jacobson Investment Advisors llc boosted its holdings in shares of Siren Nasdaq NexGen Economy ETF by 6.6% in the third 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 purchased a new stake in shares of Siren Nasdaq NexGen Economy ETF in the first quarter valued at about $297,000. Osaic Holdings Inc. increased its stake in shares of Siren Nasdaq NexGen Economy ETF by 29.3% during the second quarter. Osaic Holdings Inc. now owns 10,085 shares of the company’s stock worth $235,000 after acquiring an additional 2,283 shares during the period. Finally, Smart Portfolios LLC purchased a new position in Siren Nasdaq NexGen Economy ETF during the second quarter worth about $206,000.

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.