Mercurity Fintech Holding Inc. Sponsored ADR (NASDAQ:MFH – Get Free Report) shares were down 0.2% during trading on Tuesday . The company traded as low as $4.7001 and last traded at $4.74. 163,998 shares traded hands during trading, a decline of 68% from the average session volume of 509,724 shares. The stock had previously closed at $4.75.
Mercurity Fintech Stock Down 2.7%
The firm has a 50 day moving average price of $6.17 and a 200 day moving average price of $5.74.
Institutional Investors Weigh In On Mercurity Fintech
A number of institutional investors and hedge funds have recently bought and sold shares of MFH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Mercurity Fintech during the 1st quarter worth $237,000. Millennium Management LLC raised its holdings in shares of Mercurity Fintech by 671.0% in the first quarter. Millennium Management LLC now owns 797,099 shares of the company’s stock valued at $4,272,000 after purchasing an additional 693,720 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Mercurity Fintech by 120.7% in the first quarter. Goldman Sachs Group Inc. now owns 147,118 shares of the company’s stock valued at $789,000 after purchasing an additional 80,452 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Mercurity Fintech by 1,103.8% during the second quarter. Geode Capital Management LLC now owns 429,832 shares of the company’s stock valued at $1,655,000 after purchasing an additional 394,126 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Mercurity Fintech during the second quarter valued at about $95,000. 30.82% of the stock is owned by hedge funds and other institutional investors.
Mercurity Fintech Company Profile
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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