Nio (NIO) Stock: Having A Strong Day With Institutions In The Spotlight

Nio Inc – ADR (NYSE: NIO) is having an incredibly strong start to the trading session today as institutional ownership takes center stage. Recently, various institutions have filed 13F forms with the SEC that seem to be catching the attention of NIO investors. Today, we’ll talk about the institutional interest, what we’re seeing from the stock, and what we’ll be watching for with regard to NIO ahead.

NIO Benefits From 13F Filings

As mentioned above, Nio is having a strong day in the market today as institutional interest takes center stage. It all has to do with 13F filings. You see, like publicly traded companies, institutions with a large amount of assets under management are required to report their holdings through a 13F filing on a quarterly basis. Several of these forms have been filed as of late, and many of them have NIO on them somewhere.

Some of the most notable 13F forms that have come, showing interest in NIO include:

  • Broad Peak Investment Management – In a recent 13F, Broad Peak Investment Management disclosed ownership of 264,7000 shares purchased at a price of approximately $6.98 per share for a total holding of $1.848 million.
  • Key Square Capital Management – Key Square Capital Management disclosed holding 1 million shares at a purchase price of $6.98 per share, bringing its total holding in NIO to $6.98 million.
  • SEI Investments – Finally, in a recent 13F, SEI Investments disclosed the ownership of 179,118 shares of NIO at a purchase price of approximately $6.98 per share. That brings SEI Investments’ total holding in the stock to $1.25 million.

What We’re Seeing From The Stock 

One of the things that we learn early on in the market is that smart money follows big money. With institutional interest in NIO showing itself, it only makes sense that excited investors are working to push the stock for the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:32), NIO is trading at $7.29 per share after a gain of $0.51 per share or 7.52% so far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on NIO. In particular, we’re interested in following the story surrounding the company’s institutional interest, as well as their growth in the manufacturing and delivery of their vehicles. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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