Mullen Automotive (NASDAQ:MULN) Trading Up 6.8% – Here’s Why

Mullen Automotive, Inc. (NASDAQ:MULN) shares were up 6.8% during trading on Monday . The company traded as high as $3.19 and last traded at $3.13. Approximately 509,041 shares were traded during trading, a decline of 45% from the average daily volume of 926,462 shares. The stock had previously closed at $2.93.

Mullen Automotive Trading Down 2.0 %

The company has a 50-day moving average of $3.35 and a 200 day moving average of $137.46.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission. 11.71% of the stock is owned by institutional investors and hedge funds.

Mullen Automotive Company Profile

Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.