Morgan Stanley Lifts Nio Stake 86% to 27.41 Million Shares as Q2 Institutions Add 2.48 Million
Updated
Updated · Yahoo Finance · Aug 19
Morgan Stanley Lifts Nio Stake 86% to 27.41 Million Shares as Q2 Institutions Add 2.48 Million
3 articles · Updated · Yahoo Finance · Aug 19
Summary
Institutional investors added a net 2.48 million Nio shares in Q2, even though 270 firms sold and only 247 bought, because purchases came in larger blocks.
Morgan Stanley drove the shift by adding 12.69 million shares, lifting its stake 86% to 27.41 million and becoming Nio's largest holder among second-quarter filers.
Fresh money was decisive: 66 new investors opened positions totaling 10.58 million shares, while existing holders that changed positions were net sellers of 3.1 million shares.
D.E. Shaw made the biggest cut, selling 20.12 million shares and slashing its stake 52.5% to 18.2 million; JPMorgan also continued a nearly 79% unwind.
Nio shares still fell 2% in Hong Kong on Wednesday and 1.5% in New York on Tuesday to $4.53, showing filings did not lift near-term sentiment.