ParaZero Technologies (NASDAQ:PRZO) Trading 1.5% Higher – Here’s What Happened

ParaZero Technologies Ltd. (NASDAQ:PRZO) shares were up 1.5% during mid-day trading on Thursday . The company traded as high as $0.68 and last traded at $0.68. Approximately 69,843 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 838,448 shares. The stock had previously closed at $0.67.

ParaZero Technologies Stock Up 1.5 %

The business’s fifty day moving average is $0.60 and its 200-day moving average is $0.66.

Hedge Funds Weigh In On ParaZero Technologies

A hedge fund recently bought a new stake in ParaZero Technologies stock. Virtu Financial LLC acquired a new position in ParaZero Technologies Ltd. (NASDAQ:PRZO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 41,378 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.68% of ParaZero Technologies at the end of the most recent quarter. 1.44% of the stock is currently owned by institutional investors and hedge funds.

About ParaZero Technologies

ParaZero Technologies Ltd., an aerospace company, designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.