9F Inc. (NASDAQ:JFU)’s share price fell 0.9% during trading on Thursday . The company traded as low as $1.08 and last traded at $1.10. 51,163 shares traded hands during trading, a decline of 36% from the average session volume of 79,718 shares. The stock had previously closed at $1.11.
The firm has a 50 day moving average of $1.19 and a two-hundred day moving average of $1.64.
A number of hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP lifted its stake in 9F by 145.5% in the third quarter. Marshall Wace LLP now owns 477,928 shares of the company’s stock valued at $812,000 after buying an additional 283,231 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of 9F in the third quarter valued at approximately $316,000. Millennium Management LLC increased its holdings in shares of 9F by 190.6% in the third quarter. Millennium Management LLC now owns 76,763 shares of the company’s stock valued at $130,000 after purchasing an additional 50,351 shares during the period. Invesco Ltd. acquired a new position in shares of 9F in the third quarter valued at approximately $74,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of 9F in the second quarter valued at approximately $63,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.
9F Inc, together with its subsidiaries, operates a digital financial account platform that integrates and personalizes financial services in the People's Republic of China. Its products include digital financial accounts that offer online lending, wealth management, and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as traffic referral services to institutional funding partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, bank wealth management products, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui.
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