Prestige Wealth Inc. (NASDAQ:PWM) Short Interest Update

Prestige Wealth Inc. (NASDAQ:PWM) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 8,700 shares, a decline of 77.3% from the February 13th total of 38,300 shares. Based on an average daily volume of 832,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Prestige Wealth Stock Up 1.9 %

Shares of PWM opened at $0.53 on Friday. Prestige Wealth has a 1-year low of $0.45 and a 1-year high of $2.70. The firm’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.05.

Hedge Funds Weigh In On Prestige Wealth

An institutional investor recently bought a new position in Prestige Wealth stock. Bank of America Corp DE bought a new stake in Prestige Wealth Inc. (NASDAQ:PWM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,179 shares of the company’s stock, valued at approximately $31,000. Bank of America Corp DE owned about 0.27% of Prestige Wealth as of its most recent SEC filing. 7.68% of the stock is currently owned by institutional investors and hedge funds.

Prestige Wealth Company Profile

Prestige Wealth Inc, through its subsidiaries, provides wealth management and asset management services. It assists its clients in identifying and purchasing wealth and asset management products. The company offers its services primarily for high net worth and ultra-high net worth individuals, including business owners, executives, heirs of rich families, and other affluent individuals in Asia primarily in the mainland China or Hong Kong.