Mullen Automotive (NASDAQ:MULN) Stock Price Down 0.5% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price was down 0.5% during trading on Monday . The stock traded as low as $0.21 and last traded at $0.22. Approximately 2,654,943 shares changed hands during trading, a decline of 82% from the average daily volume of 14,560,515 shares. The stock had previously closed at $0.22.

Mullen Automotive Trading Up 18.1 %

The company has a fifty day moving average of $0.88 and a two-hundred day moving average of $12.72.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing. Institutional investors own 11.71% of the company’s stock.

About Mullen Automotive

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.