Beneficient (NASDAQ:BENF – Get Free Report) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 109,300 shares, a decline of 47.4% from the February 13th total of 207,800 shares. Based on an average trading volume of 479,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.7% of the shares of the company are short sold.
Beneficient Trading Down 1.8 %
Shares of BENF stock traded down $0.01 during trading hours on Friday, hitting $0.32. 226,829 shares of the company’s stock were exchanged, compared to its average volume of 2,039,108. The firm has a 50 day moving average of $0.54 and a two-hundred day moving average of $0.93. Beneficient has a fifty-two week low of $0.28 and a fifty-two week high of $13.22.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BENF. Stifel Financial Corp grew its holdings in shares of Beneficient by 138.2% during the 3rd quarter. Stifel Financial Corp now owns 24,300 shares of the company’s stock worth $30,000 after purchasing an additional 14,100 shares during the period. Virtu Financial LLC purchased a new position in Beneficient during the 4th quarter valued at about $28,000. Ausdal Financial Partners Inc. raised its position in Beneficient by 214.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 63,379 shares of the company’s stock valued at $47,000 after purchasing an additional 43,217 shares in the last quarter. Jane Street Group LLC acquired a new stake in Beneficient in the 4th quarter valued at about $39,000. Finally, State Street Corp acquired a new stake in Beneficient in the 3rd quarter valued at about $73,000. 90.57% of the stock is owned by institutional investors and hedge funds.
About Beneficient
Beneficient, a technology-enabled financial services company, provides liquidity solutions and related trustee, custody and trust administrative services to participants in the alternative asset industry in the United States. It operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments.
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