Beneficient (NASDAQ:BENF) Shares Gap Up to $2.90

Beneficient (NASDAQ:BENF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.90, but opened at $2.98. Beneficient shares last traded at $2.88, with a volume of 2,203 shares.

Beneficient Stock Up 1.7 %

The business’s fifty day moving average price is $2.39.

Institutional Trading of Beneficient

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new position in shares of Beneficient in the second quarter worth $35,000. Tower Research Capital LLC TRC purchased a new position in Beneficient in the 2nd quarter worth approximately $55,000. State Street Corp bought a new position in shares of Beneficient in the 2nd quarter worth $83,000. Rivernorth Capital Management LLC bought a new stake in shares of Beneficient during the 2nd quarter worth $8,022,000. Finally, Hatteras Investment Partners LP purchased a new position in Beneficient in the second quarter worth $148,288,000.

About Beneficient

Beneficient, a technology-enabled financial service company, provides liquidity solutions and related trust, custody and administrative services to participants in the alternative asset industry. The company operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments. It offers AltAccess platform for secure, online, and end-to-end delivery of each of the Ben business unit products and services, including upload documents, and work through tasks and complete their transactions with standardized transaction agreements.