AMTD Digital (NYSE:HKD) Stock Price Up 2.1% - Here's Why

Shares of AMTD Digital Inc. (NYSE:HKD - Get Free Report) shot up 2.1% during trading on Tuesday . The stock traded as high as $2.00 and last traded at $1.91. 103,959 shares were traded during mid-day trading, a decline of 82% from the average session volume of 579,539 shares. The stock had previously closed at $1.87.

AMTD Digital Stock Performance

The firm has a 50 day simple moving average of $2.16 and a 200-day simple moving average of $2.66.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AMTD Digital stock. Faithward Advisors LLC raised its stake in AMTD Digital Inc. (NYSE:HKD - Free Report) by 54.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the company's stock after acquiring an additional 5,647 shares during the quarter. Faithward Advisors LLC's holdings in AMTD Digital were worth $47,000 as of its most recent filing with the Securities and Exchange Commission. 5.75% of the stock is currently owned by institutional investors and hedge funds.

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.