Takung Art (NYSEAMERICAN:TKAT) Trading Down 4.6%

mid-day trading, a decline of 22% from the average daily volume of 27,474 shares. The stock had previously closed at $0.63. The stock drops 4.6% after a decline in trading volume.

Shares of ) fell 4.6% on Tuesday. The company traded from $0.60 to $0.60, and traded last at $0.60. Trading saw approximately 21,238 shares change hands, which is a 94% decrease from the daily average of 374 445 shares. Stock had closed previously at $0.63.

Takung Art: Institutional Investors Take a Stand

Recently, hedge funds increased or decreased their stakes. Virtu Financial LLC bought a new stake worth $83,000 in Takung Art at the beginning of the first quarter. Jane Street Group LLC bought a new stake of $66,000 in Takung Art for the first quarter. Renaissance Technologies LLC bought a new stake of Takung Art in the third quarter for $29,000. Susquehanna International Group LLP also purchased shares of Takung Art during the fourth quarter, valued at $52,000. Hedge funds and institutional investors own 1.10%.

About Takung Art

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Takung Art Co, Ltd. is an international online trading platform which provides convenient and state-of-the art services for different types of artworks. The company offers art collectors the opportunity to share ownership of Asian and other fine arts, including paintings, calligraphies jewellery, and precious stones.

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