BLRKU (NASDAQ:BLRKU) Shares Up 0.3% – Still a Buy?

BLRKU (NASDAQ:BLRKUGet Free Report) shares shot up 0.3% during mid-day trading on Monday . The company traded as high as $10.30 and last traded at $10.2640. 4,287 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 6,740 shares. The stock had previously closed at $10.23.

BLRKU Stock Down 0.2%

The company has a 50-day simple moving average of $10.16 and a 200 day simple moving average of $10.07.

Hedge Funds Weigh In On BLRKU

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lineage Point Capital LP acquired a new position in BLRKU during the 4th quarter valued at $1,500,000. Virtu Financial LLC bought a new position in shares of BLRKU during the 4th quarter worth about $231,000. Alberta Investment Management Corp bought a new position in shares of BLRKU during the 4th quarter worth about $5,000,000. Stoic Point Capital Management LLC bought a new position in shares of BLRKU during the 4th quarter worth about $250,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of BLRKU during the fourth quarter valued at about $4,000,000.

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