Sippican Capital Advisors purchased a new position in Iris Energy Limited (NASDAQ:IREN – Free Report) during the third quarter, Holdings Channel reports. The firm purchased 11,100 shares of the company’s stock, valued at approximately $94,000.
A number of other hedge funds also recently modified their holdings of the stock. Marshall Wace LLP increased its position in shares of Iris Energy by 33.6% in the second quarter. Marshall Wace LLP now owns 3,811,780 shares of the company’s stock worth $43,035,000 after purchasing an additional 958,494 shares during the period. Vident Advisory LLC increased its position in shares of Iris Energy by 58.0% in the first quarter. Vident Advisory LLC now owns 1,954,998 shares of the company’s stock worth $10,557,000 after purchasing an additional 717,843 shares during the period. Van ECK Associates Corp increased its position in shares of Iris Energy by 23.7% in the first quarter. Van ECK Associates Corp now owns 1,837,683 shares of the company’s stock worth $9,924,000 after purchasing an additional 351,774 shares during the period. D1 Capital Partners L.P. bought a new position in Iris Energy in the second quarter valued at about $17,319,000. Finally, Hood River Capital Management LLC bought a new position in Iris Energy in the second quarter valued at about $13,618,000. Institutional investors own 41.08% of the company’s stock.
Iris Energy Price Performance
Shares of Iris Energy stock traded down $0.24 during midday trading on Thursday, reaching $10.08. The company had a trading volume of 1,327,285 shares, compared to its average volume of 12,910,735. The stock has a fifty day moving average price of $8.23 and a 200 day moving average price of $8.69. Iris Energy Limited has a fifty-two week low of $2.79 and a fifty-two week high of $15.75.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on IREN
About Iris Energy
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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