Daiwa Securities Group Inc. reduced its stake in shares of Iris Energy Limited (NASDAQ:IREN – Free Report) by 48.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,905 shares of the company’s stock after selling 39,683 shares during the period. Daiwa Securities Group Inc.’s holdings in Iris Energy were worth $484,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Vident Advisory LLC grew its stake in Iris Energy by 58.0% during the first quarter. Vident Advisory LLC now owns 1,954,998 shares of the company’s stock valued at $10,557,000 after acquiring an additional 717,843 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Iris Energy by 23.7% in the 1st quarter. Van ECK Associates Corp now owns 1,837,683 shares of the company’s stock valued at $9,924,000 after purchasing an additional 351,774 shares during the last quarter. MKP Capital Management L.L.C. purchased a new position in shares of Iris Energy in the 2nd quarter worth approximately $3,139,000. Quadrature Capital Ltd bought a new position in shares of Iris Energy during the 4th quarter valued at approximately $1,655,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Iris Energy by 1,521.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 188,051 shares of the company’s stock worth $2,123,000 after buying an additional 176,451 shares during the last quarter. Institutional investors own 41.08% of the company’s stock.
Iris Energy Trading Up 2.2 %
Shares of NASDAQ IREN opened at $7.73 on Tuesday. Iris Energy Limited has a 52-week low of $2.79 and a 52-week high of $15.75. The company’s 50-day simple moving average is $8.98 and its 200-day simple moving average is $7.95.
Analysts Set New Price Targets
Read Our Latest Stock Report on IREN
About Iris Energy
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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