AMTD Digital (NYSE:HKD) Shares Down 3% – Here’s Why

AMTD Digital Inc. Sponsored ADR (NYSE:HKD)’s stock price traded down 3% during mid-day trading on Monday . The company traded as low as $1.72 and last traded at $1.77. 459,131 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 341,535 shares. The stock had previously closed at $1.82.

AMTD Digital Price Performance

The stock has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $1.92.

Institutional Trading of AMTD Digital

A hedge fund recently bought a new stake in AMTD Digital stock. Euro Pacific Asset Management LLC purchased a new position in shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 208,891 shares of the company’s stock, valued at approximately $366,000. Euro Pacific Asset Management LLC owned approximately 0.08% of AMTD Digital as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 5.75% of the company’s stock.

About AMTD Digital

AMTD Digital Inc, through its subsidiaries, designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions in Asia. The company operates through Digital Solutions ServicesFinancial Services, Digital Solutions ServicesNon Financial Services, Digital Media, Content, and Marketing Services, and Digital Investments segments.