Airbus (OTCMKTS:EADSF) Shares Up 0.7% – What’s Next?

Airbus SE (OTCMKTS:EADSF) shares shot up 0.7% during mid-day trading on Tuesday . The company traded as high as $173.27 and last traded at $173.27. 1,780 shares were traded during trading, a decline of 38% from the average session volume of 2,889 shares. The stock had previously closed at $172.00.

Airbus Trading Up 0.7 %

The stock has a fifty day simple moving average of $168.00 and a 200-day simple moving average of $156.78.

Hedge Funds Weigh In On Airbus

An institutional investor recently raised its position in Airbus stock. GAMMA Investing LLC increased its holdings in shares of Airbus SE (OTCMKTS:EADSF) by 137.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318 shares of the company’s stock after purchasing an additional 184 shares during the period. GAMMA Investing LLC’s holdings in Airbus were worth $51,000 at the end of the most recent quarter. Institutional investors and hedge funds own 26.91% of the company’s stock.

Airbus Company Profile

Airbus SE, together with its subsidiaries, engages in the design, manufacture, and delivery of aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The Airbus segment develops, manufactures, markets, and sells commercial jet passenger aircraft, freighter aircraft, regional turboprop aircraft, and aircraft components, as well as provides aircraft conversion and related services.