Mercurity Fintech Holding Inc. Sponsored ADR (NASDAQ:MFH – Get Free Report)’s share price dropped 5.2% during trading on Thursday . The stock traded as low as $3.41 and last traded at $3.46. 249,893 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 509,724 shares. The stock had previously closed at $3.65.
Mercurity Fintech Stock Performance
The firm has a 50 day moving average of $3.72 and a 200-day moving average of $4.94.
Institutional Investors Weigh In On Mercurity Fintech
Several large investors have recently made changes to their positions in the company. Millennium Management LLC boosted its stake in Mercurity Fintech by 671.0% during the first quarter. Millennium Management LLC now owns 797,099 shares of the company’s stock valued at $4,272,000 after buying an additional 693,720 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mercurity Fintech by 1,103.8% during the 2nd quarter. Geode Capital Management LLC now owns 429,832 shares of the company’s stock worth $1,655,000 after acquiring an additional 394,126 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Mercurity Fintech by 54.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 204,674 shares of the company’s stock worth $5,031,000 after acquiring an additional 72,268 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Mercurity Fintech by 120.7% in the first quarter. Goldman Sachs Group Inc. now owns 147,118 shares of the company’s stock worth $789,000 after purchasing an additional 80,452 shares during the last quarter. Finally, UBS Group AG raised its stake in Mercurity Fintech by 30.7% during the third quarter. UBS Group AG now owns 70,842 shares of the company’s stock valued at $1,741,000 after purchasing an additional 16,644 shares in the last quarter. 30.82% of the stock is owned by institutional investors.
About Mercurity Fintech
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. It also offers cryptocurrency mining services that provides computing power to the mining pool; and digital consultation services, such as digital payment solutions, asset management, and online and traditional brokerage services.
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