Bridgeline Digital (NASDAQ:BLIN) Trading Up 9.2%

Bridgeline Digital Inc (NASDAQ:BLIN) shares were up 9.2% during mid-day trading on Friday . The stock traded as high as $1.78 and last traded at $1.67, approximately 318,600 shares changed hands during mid-day trading. An increase of 186% from the average daily volume of 111,505 shares. The stock had previously closed at $1.53.

The company has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.85.

A hedge fund recently bought a new stake in Bridgeline Digital stock. Bank of New York Mellon Corp purchased a new stake in Bridgeline Digital Inc (NASDAQ:BLIN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,479 shares of the software maker’s stock, valued at approximately $65,000. Bank of New York Mellon Corp owned about 2.79% of Bridgeline Digital as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.95% of the company’s stock.

About Bridgeline Digital (NASDAQ:BLIN)

Bridgeline Digital, Inc operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create Websites, Web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives.

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