AMTD Digital (NYSE:HKD) Shares Down 5.2% - Here's What Happened

AMTD Digital Inc. (NYSE:HKD - Get Free Report) shares dropped 5.2% during trading on Friday . The company traded as low as $2.02 and last traded at $2.09. Approximately 45,370 shares traded hands during trading, a decline of 92% from the average daily volume of 575,913 shares. The stock had previously closed at $2.20.

AMTD Digital Trading Down 4.3 %

The company has a 50-day moving average of $2.19 and a 200-day moving average of $2.72.

Institutional Investors Weigh In On AMTD Digital

A hedge fund recently raised its stake in AMTD Digital stock. Faithward Advisors LLC boosted its stake in AMTD Digital Inc. (NYSE:HKD - Free Report) by 54.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the company's stock after purchasing an additional 5,647 shares during the quarter. Faithward Advisors LLC's holdings in AMTD Digital were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.75% of the stock is currently owned by institutional investors.

AMTD Digital Company Profile

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.

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