9F Inc. (NASDAQ:JFU – Get Rating) shares rose 4.4% on Monday . The stock traded as high as $0.72 and last traded at $0.71. Approximately 1,414 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 92,433 shares. The stock had previously closed at $0.68.
The stock’s fifty day moving average price is $0.84 and its 200 day moving average price is $0.97.
Institutional investors have recently modified their holdings of the business. Morgan Stanley purchased a new position in shares of 9F in the 2nd quarter valued at approximately $26,000. Envestnet Asset Management Inc. raised its position in shares of 9F by 76.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,478 shares of the company’s stock valued at $31,000 after purchasing an additional 12,354 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of 9F in the 3rd quarter valued at approximately $36,000. Citadel Advisors LLC purchased a new position in 9F during the 4th quarter worth approximately $37,000. Finally, Invesco Ltd. purchased a new position in 9F during the 3rd quarter worth approximately $74,000. Institutional investors own 6.13% 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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