China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) shares dropped 28.5% during mid-day trading on Friday . The company traded as low as $2.66 and last traded at $3.18. Approximately 3,608,251 shares were traded during trading, an increase of 7% from the average daily volume of 3,379,914 shares. The stock had previously closed at $4.45.

A hedge fund recently bought a new stake in China Internet Nationwide Fncl Srvcs stock. Virtu Financial LLC acquired a new stake in shares of China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 36,000 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.16% of China Internet Nationwide Fncl Srvcs at the end of the most recent quarter. Institutional investors and hedge funds own 0.64% of the company’s stock.

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About China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS)

China Internet Nationwide Financial Services Inc provides financial advisory services to small-to-medium sized enterprises in the People’s Republic of China. The company offers commercial payment advisory services, international corporate financing advisory services, intermediary bank loan advisory services, and Internet information services.

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