AMTD Digital (NYSE:HKD) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• AMTD Digital experienced a 7% increase in trading volume on Monday, with approximately 429,858 shares traded, raising the stock price to $2.14 from a previous close of $1.96.
• A recent filing revealed that Euro Pacific Asset Management LLC acquired 208,891 shares of AMTD Digital, marking a new stake valued at around $366,000.
• As of now, institutional investors hold 5.75% of AMTD Digital's stock, indicating a level of interest from larger investment entities.

Shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 429,858 shares changed hands during trading, an increase of 7% from the previous session's volume of 400,457 shares.The stock last traded at $2.14 and had previously closed at $1.96.

AMTD Digital Stock Performance

The stock's 50-day simple moving average is $1.71 and its two-hundred day simple moving average is $1.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AMTD Digital stock. Euro Pacific Asset Management LLC acquired a new stake in shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 208,891 shares of the company's stock, valued at approximately $366,000. Euro Pacific Asset Management LLC owned about 0.08% of AMTD Digital as of its most recent SEC filing. 5.75% of the stock is owned by hedge funds and other institutional investors.

About AMTD Digital

AMTD Digital Inc, through its subsidiaries, designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions in Asia. The company operates through Digital Solutions ServicesFinancial Services, Digital Solutions ServicesNon Financial Services, Digital Media, Content, and Marketing Services, and Digital Investments segments.