WaveDancer (NASDAQ:WAVD) Trading 31% Higher – Here’s What Happened

Shares of WaveDancer, Inc. (NASDAQ:WAVD) rose 31% during trading on Wednesday . The company traded as high as $5.82 and last traded at $4.10. Approximately 2,923,480 shares changed hands during trading, an increase of 2,819% from the average daily volume of 100,164 shares. The stock had previously closed at $3.13.

WaveDancer Stock Up 31.0 %

The stock’s 50 day moving average is $4.20 and its two-hundred day moving average is $6.02.

Institutional Trading of WaveDancer

A hedge fund recently raised its stake in WaveDancer stock. Waldron Private Wealth LLC raised its position in WaveDancer, Inc. (NASDAQ:WAVD) by 200.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 30,000 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Waldron Private Wealth LLC owned 1.49% of WaveDancer worth $62,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 4.96% of the company’s stock.

About WaveDancer

WaveDancer, Inc develops and maintains information technology systems in the United States. The company also modernizes client information systems; and offers other IT-related professional services to government and commercial organizations. In addition, it offers IT consulting, development, training, migration, and on-site project support; and software development, system modernizations, cloud services, and cybersecurity services.