Jayud Global Logistics (NASDAQ:JYD) Trading Up 5% – Here’s Why

Shares of Jayud Global Logistics Limited (NASDAQ:JYD) shot up 5% on Thursday . The stock traded as high as $0.28 and last traded at $0.27. 2,053,468 shares changed hands during trading, a decline of 57% from the average session volume of 4,759,634 shares. The stock had previously closed at $0.26.

Jayud Global Logistics Stock Performance

The company’s 50 day simple moving average is $1.49 and its two-hundred day simple moving average is $2.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JYD. Renaissance Technologies LLC acquired a new stake in Jayud Global Logistics in the fourth quarter valued at approximately $993,000. Invesco Ltd. purchased a new position in Jayud Global Logistics in the 1st quarter valued at $576,000. Citadel Advisors LLC purchased a new stake in shares of Jayud Global Logistics during the 4th quarter worth $145,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Jayud Global Logistics during the 4th quarter worth $34,000. Finally, Barclays PLC acquired a new position in shares of Jayud Global Logistics during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

Jayud Global Logistics Company Profile

Jayud Global Logistics Limited, through its subsidiaries, provides a range of cross-border supply chain solution services worldwide. The company offers freight forwarding services, including integrated cross-border logistics, fragmented logistics services, and chartered airline freight services. It also offers supply chain management services, such as international trading and agent services; and other value-added services comprising custom brokerage and intelligent logistic IT systems.