Futu Holdings Ltd (NASDAQ:FHL) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 895,900 shares, a decrease of 9.1% from the July 31st total of 985,500 shares. Based on an average daily volume of 229,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.1% of the company’s shares are sold short.
A number of institutional investors and hedge funds have recently bought and sold shares of FHL. Cubist Systematic Strategies LLC acquired a new stake in Futu during the 2nd quarter worth approximately $154,000. National Asset Management Inc. acquired a new stake in Futu during the 1st quarter worth approximately $226,000. Laurion Capital Management LP acquired a new stake in Futu during the 1st quarter worth approximately $370,000. Citadel Advisors LLC increased its position in Futu by 38.7% during the 2nd quarter. Citadel Advisors LLC now owns 61,334 shares of the company’s stock worth $649,000 after purchasing an additional 17,099 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in Futu during the 2nd quarter worth approximately $761,000. 2.48% of the stock is owned by hedge funds and other institutional investors.
FHL traded up $0.12 on Friday, reaching $11.99. 185,796 shares of the company’s stock were exchanged, compared to its average volume of 145,589. The company’s 50 day simple moving average is $10.88. Futu has a twelve month low of $9.41 and a twelve month high of $19.28.
Futu Holdings Limited operates digitized brokerage platform in Hong Kong, China, Japan, the United States, and internationally. Its platform offers investing services, including trade execution and margin financing which allows to trade securities, such as stocks, warrants, options and exchange-traded funds, or ETFs, across different markets; market data and information; and securities lending services.
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