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Mercurity Fintech (NASDAQ:MFH) Shares Down 1.5% - What's Next?

Mercurity Fintech logo with Business Services background

Mercurity Fintech Holding Inc. Sponsored ADR (NASDAQ:MFH - Get Free Report)'s share price fell 1.5% during mid-day trading on Monday . The stock traded as low as $3.85 and last traded at $3.85. 287,011 shares traded hands during trading, an increase of 53% from the average session volume of 187,451 shares. The stock had previously closed at $3.91.

Mercurity Fintech Stock Up 0.5%

The stock's fifty day moving average price is $4.81 and its two-hundred day moving average price is $5.72.

Institutional Investors Weigh In On Mercurity Fintech

A number of hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Mercurity Fintech by 120.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 147,118 shares of the company's stock worth $789,000 after acquiring an additional 80,452 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Mercurity Fintech by 671.0% in the 1st quarter. Millennium Management LLC now owns 797,099 shares of the company's stock worth $4,272,000 after acquiring an additional 693,720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Mercurity Fintech in the 1st quarter worth approximately $237,000. OMERS ADMINISTRATION Corp lifted its holdings in shares of Mercurity Fintech by 122.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 44,175 shares of the company's stock worth $237,000 after acquiring an additional 24,275 shares during the last quarter. Finally, Harvest Portfolios Group Inc. bought a new stake in shares of Mercurity Fintech in the 1st quarter worth approximately $66,000. 30.82% of the stock is currently owned by institutional investors.

About Mercurity Fintech

(Get Free Report)

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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