United Development Funding IV (OTCMKTS:UDFI – Get Free Report) shares were down 6% on Tuesday . The stock traded as low as $1.29 and last traded at $1.40. Approximately 63,400 shares traded hands during trading, an increase of 189% from the average daily volume of 21,961 shares. The stock had previously closed at $1.49.
United Development Funding IV Trading Down 6.0 %
The stock’s 50-day moving average is $1.40 and its two-hundred day moving average is $1.40.
United Development Funding IV Company Profile
United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes. It also makes equity investments in residential real estate. The company has elected to be taxed as a real estate investment trust.
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