Waddell & Reed Financial (NYSE:WDR) has shown a rise of 4.4% or 348,222 shares in the short positions. The bets have increased to 8,216,105 shares on June 15,2016 from 7,867,883 shares on May 31,2016. With respect to the floated shares, the shorts are 11%. The days to cover are calculated to be 6, using the standard per day volume of 1,282,380 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Waddell & Reed Financial (NYSE:WDR): The stock opened at $17.89 on Friday but the bulls could not build on the opening and the stock topped out at $18.20 for the day. The stock traded down to $17.11 during the day, due to lack of any buying support eventually closed down at $17.39 with a loss of -8.57% for the day. The stock had closed at $19.02 on the previous day. The total traded volume was 8,760,881 shares.
The company shares have dropped -63.09% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $48.13 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $19.80 and the 200 Day Moving Average price is recorded at $23.41.
Waddell & Reed Financial (NYSE:WDR) has tumbled 5.9% during the past week and has dropped 19.08% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.34%. Waddell & Reed Financial (NYSE:WDR) has underperformed the index by 16.63% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Waddell & Reed Financial, Inc. is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios, 529 college savings and Selector Management Fund SICAV and its Ivy Global Investors sub-funds and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through its Wholesale channel, which includes third parties, such as other broker/dealers, registered investment advisors and various retirement platforms or through its Advisors channel sales force of independent financial advisors. It also markets investment advisory services to institutional investors, either directly or through consultants, in its Institutional channel.