Beneficient (NASDAQ:BENF – Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 385,200 shares, a drop of 26.8% from the March 15th total of 526,100 shares. Currently, 5.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 456,600 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Trading of Beneficient
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp bought a new position in shares of Beneficient during the 3rd quarter valued at about $73,000. Jane Street Group LLC bought a new position in Beneficient during the fourth quarter valued at approximately $39,000. Stifel Financial Corp grew its holdings in Beneficient by 198.4% during the 4th quarter. Stifel Financial Corp now owns 72,500 shares of the company’s stock valued at $54,000 after buying an additional 48,200 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in Beneficient by 214.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 63,379 shares of the company’s stock worth $47,000 after acquiring an additional 43,217 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Beneficient in the 4th quarter worth approximately $28,000. 90.57% of the stock is currently owned by institutional investors.
Beneficient Trading Down 6.1 %
Shares of Beneficient stock traded down $0.02 on Friday, hitting $0.27. 142,980 shares of the company traded hands, compared to its average volume of 2,042,313. Beneficient has a 52 week low of $0.26 and a 52 week high of $13.00. The business has a 50-day simple moving average of $0.36 and a 200 day simple moving average of $0.74.
Beneficient Company Profile
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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