ADS-TEC Energy (NASDAQ:ADSE) Sees Strong Trading Volume

ADS-TEC Energy PLC (NASDAQ:ADSE) saw unusually-high trading volume on Thursday . Approximately 35,048 shares were traded during trading, a decline of 54% from the previous session’s volume of 76,020 shares.The stock last traded at $10.38 and had previously closed at $10.35.

ADS-TEC Energy Stock Performance

The stock’s 50 day moving average price is $9.21 and its 200-day moving average price is $7.67.

Institutional Trading of ADS-TEC Energy

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in ADS-TEC Energy by 362.8% in the second quarter. Osaic Holdings Inc. now owns 5,230 shares of the company’s stock worth $33,000 after acquiring an additional 4,100 shares during the period. Bank of America Corp DE purchased a new stake in ADS-TEC Energy in the first quarter worth about $65,000. Mercer Global Advisors Inc. ADV purchased a new stake in ADS-TEC Energy in the third quarter worth about $134,000. Geode Capital Management LLC lifted its stake in ADS-TEC Energy by 53.3% in the second quarter. Geode Capital Management LLC now owns 22,551 shares of the company’s stock worth $144,000 after acquiring an additional 7,842 shares during the period. Finally, Northern Trust Corp lifted its stake in ADS-TEC Energy by 60.0% in the first quarter. Northern Trust Corp now owns 32,000 shares of the company’s stock worth $276,000 after acquiring an additional 12,000 shares during the period. 51.65% of the stock is owned by hedge funds and other institutional investors.

ADS-TEC Energy Company Profile

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.