D. E. Shaw & Co. LP recently announced the acquisition of new stake in MoneyHero Ltd (NASDAQ:MNY). The institutional investor has increased its shareholding in the Communication Services company by 29.89% to 0.34 million shares with purchase of 78731.0 shares. This fresh investment now brings its stake to 1.43% valued currently at $0.45 million. In addition, Sculptor Capital LP raised its holdings by 0.27 million to 0.27 million shares.
With over 8.28 million MoneyHero Ltd (MNY) shares trading Monday and a closing price of $1.26 on the day, the dollar volume was approximately $10.43 million. The shares have shown a negative half year performance of -87.63% and its price on 11/20/23 gained nearly 55.75%. Currently, there are 15.09M common shares owned by the public and among those 14.27M shares have been available to trade.
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The top 3 mutual fund holders in MoneyHero Ltd are Lumyna – MW TOPS UCITS Fund, Fidelity Nasdaq Composite Index F, and Lumyna – MW Systematic Alpha UCIT. Lumyna – MW TOPS UCITS Fund owns 70828.0 shares of the company’s stock, all valued at over $94201.0. The company sold -0.2 million shares recently to bring their total holdings to about 0.30% of the shares outstanding. Lumyna – MW Systematic Alpha UCIT sold -0.12 million shares to bring its total holdings to over 43597.0 shares at a value of $57984.0. Lumyna – MW Systematic Alpha UCIT now owns shares totaling to 0.18% of the shares outstanding.
Shares of MoneyHero Ltd (NASDAQ: MNY) opened at $0.82, up $0.01 from a prior closing price of $0.81. However, the script later moved the day high at 1.4900, up 55.75%. The company’s stock has a 5-day price change of 43.15% and -87.80% over the past three months. MNY shares are trading -87.29% year to date (YTD), with the 12-month market performance down to -87.20% lower. It has a 12-month low price of $0.74 and touched a high of $10.43 over the same period. MNY has an average intraday trading volume of 116.68K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.27%, -76.60%, and -85.95% respectively.
Institutional ownership of MoneyHero Ltd (NASDAQ: MNY) shares accounts for 28.51% of the company’s 15.09M shares outstanding. Mutual fund holders own 1.22%, while other institutional holders and individual stakeholders account for 34.53% and — respectively.
It has a market capitalization of $37.76M and a beta (3y monthly) value of -0.11. The earnings-per-share (ttm) stands at -$0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 35.27% over the week and 21.80% over the month.
