Mercurity Fintech Holding Inc. (NASDAQ:MFH - Get Free Report)'s stock price was up 1.7% on Friday . The company traded as high as $7.90 and last traded at $7.31. Approximately 67,287 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 135,697 shares. The stock had previously closed at $7.19.
Mercurity Fintech Price Performance
The firm's 50 day simple moving average is $5.73 and its 200-day simple moving average is $5.63.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd boosted its holdings in Mercurity Fintech by 146.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 30,051 shares of the company's stock valued at $161,000 after purchasing an additional 17,856 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Mercurity Fintech in the fourth quarter valued at approximately $136,000. Millennium Management LLC acquired a new position in Mercurity Fintech during the fourth quarter worth $706,000. Cubist Systematic Strategies LLC acquired a new position in Mercurity Fintech during the fourth quarter worth $108,000. Finally, Balyasny Asset Management L.P. purchased a new position in Mercurity Fintech in the fourth quarter worth $174,000. 30.82% of the stock is currently owned by institutional investors and hedge funds.
Mercurity Fintech Company Profile
(
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Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.
Further Reading
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