Siren Nasdaq NexGen Economy ETF (NASDAQ:BLCN – Get Rating) was the recipient of a sharp rise in short-term interest rates in December. As of December 30th, there was short interest totaling 53,100 shares, an increase of 27.6% from December 15th of 41,600 shares. Based on an average trading volume of 23,900 shares, the short interest ratio is currently 2.2 days.
Institutional trading of the Siren Nasdaq NexGen Economy ETF
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Several institutional investors and hedge funds have recently added to or reduced their stakes in BLCN. Raymond James & Associates increased its stake in the Siren Nasdaq NexGen Economy ETF by 66.4% during the first quarter. Raymond James & Associates now owns 26,810 shares of the company, valued at $994,000, after purchasing an additional 10,702 shares last quarter. Raymond James Financial Services Advisors Inc. increased its holding in Siren Nasdaq NexGen Economy ETF shares by 122.5% during 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 purchasing an additional 18,095 shares last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Siren Nasdaq NexGen Economy ETF shares by 16.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,164 shares of the company, valued at $303,000, after purchasing an additional 1,128 shares last quarter. Captrust Financial Advisors increased its holding in Siren Nasdaq NexGen Economy ETF shares by 543.8% during the first quarter. Captrust Financial Advisors now owns 1,603 shares of the company, valued at $59,000, after purchasing an additional 1,354 shares last quarter. Finally, the Royal Bank of Canada increased its holding in shares of the Siren Nasdaq NexGen Economy ETF by 65.1% during the first quarter. The Royal Bank of Canada now owns 52,907 shares of the company’s shares, valued at $1,961,000, after purchasing an additional 20,853 shares last quarter.
Siren Nasdaq NexGen Economy ETF stock up 2.9%
BLCN rose $0.64 on Friday to hit $22.74. 100 shares of the company were traded, compared to an average volume of 32,544. The company has a 50-day moving average of $22.16 and a 200-day moving average of $24.19. Siren Nasdaq NexGen Economy ETF has a 12-month low of $20.00 and a 12-month high of $40.79.
Siren Nasdaq NexGen Economy ETF increases dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. A dividend of $0.027 per share was paid to shareholders of record on Friday, December 23. The ex-dividend date of this dividend was Thursday December 22nd. This is an increase from the Siren Nasdaq NexGen Economy ETF’s previous quarterly dividend of $0.02. That equates to an annualized dividend of $0.11 and a yield of 0.47%.
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