Prestige Wealth Inc. (NASDAQ:PWM) Short Interest Update

Prestige Wealth Inc. (NASDAQ:PWM) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 26,300 shares, a decrease of 25.3% from the May 15th total of 35,200 shares. Based on an average trading volume of 177,200 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Prestige Wealth

A hedge fund recently bought a new stake in Prestige Wealth stock. Bank of America Corp DE acquired a new position in Prestige Wealth Inc. (NASDAQ:PWM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned 0.27% of Prestige Wealth at the end of the most recent quarter. 7.68% of the stock is owned by hedge funds and other institutional investors.

Prestige Wealth Price Performance

PWM stock opened at $0.34 on Wednesday. The firm has a 50 day simple moving average of $0.39 and a two-hundred day simple moving average of $0.81. Prestige Wealth has a one year low of $0.31 and a one year high of $2.70.

About Prestige Wealth

Prestige Wealth Inc, through its subsidiaries, provides wealth management and asset management services. It assists its clients in identifying and purchasing wealth and asset management products. The company offers its services primarily for high net worth and ultra-high net worth individuals, including business owners, executives, heirs of rich families, and other affluent individuals in Asia primarily in the mainland China or Hong Kong.