Triller Group (NASDAQ:ILLR) Shares Up 38.2% – Here’s What Happened

Triller Group Inc. (NASDAQ:ILLR)’s share price traded up 38.2% during mid-day trading on Friday . The stock traded as high as $0.2699 and last traded at $0.2699. 54,247 shares were traded during trading, a decline of 93% from the average session volume of 790,959 shares. The stock had previously closed at $0.1953.

Triller Group Stock Up 38.2%

The business’s 50 day simple moving average is $0.32 and its two-hundred day simple moving average is $0.54. The stock has a market cap of $41.88 million, a P/E ratio of -0.22 and a beta of -1.78.

Institutional Trading of Triller Group

A number of hedge funds have recently made changes to their positions in ILLR. Virtu Financial LLC increased its stake in shares of Triller Group by 267.9% in the third quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock valued at $38,000 after buying an additional 33,308 shares during the period. Invesco Ltd. acquired a new stake in Triller Group during the 2nd quarter worth approximately $49,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Triller Group during the 2nd quarter worth approximately $52,000. Bank of America Corp DE increased its position in Triller Group by 645.3% in the 2nd quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock valued at $53,000 after acquiring an additional 48,994 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Triller Group by 1,551.6% during the second quarter. JPMorgan Chase & Co. now owns 121,010 shares of the company’s stock valued at $113,000 after acquiring an additional 113,683 shares during the last quarter. 0.04% of the stock is owned by institutional investors and hedge funds.

About Triller Group

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.