Shares of MMTec, Inc. (NASDAQ:MTC – Get Rating) were up 15.5% during mid-day trading on Monday . The stock traded as high as $1.30 and last traded at $1.10. Approximately 876,921 shares changed hands during trading, an increase of 852% from the average daily volume of 92,138 shares. The stock had previously closed at $0.95.

MMTec Trading Up 15.5 %

The firm has a fifty day simple moving average of $0.94 and a 200-day simple moving average of $1.50.

Institutional Investors Weigh In On MMTec

A hedge fund recently bought a new stake in MMTec stock. Jane Street Group LLC acquired a new position in shares of MMTec, Inc. (NASDAQ:MTC – Get Rating) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,160 shares of the company's stock, valued at approximately $28,000. Jane Street Group LLC owned about 0.61% of MMTec at the end of the most recent reporting period. 6.02% of the stock is currently owned by institutional investors and hedge funds.

About MMTec

MMTec, Inc is engaged in the provision of internet-based technology services and solutions to the Chinese language speaking hedge and mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms involving in securities market transactions and settlements. It operates through the following segments: Gujia, MM Future, HC Securities and MMBD Advisory, and MM Global.

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