ParaZero Technologies (NASDAQ:PRZO) Stock Price Up 15.6% – Here’s What Happened

ParaZero Technologies Ltd. (NASDAQ:PRZO)’s share price traded up 15.6% during trading on Friday . The company traded as high as $2.00 and last traded at $1.85. 5,506,083 shares changed hands during mid-day trading, an increase of 154% from the average session volume of 2,171,849 shares. The stock had previously closed at $1.60.

ParaZero Technologies Trading Up 15.6 %

The company’s 50-day simple moving average is $0.72 and its 200 day simple moving average is $0.65.

Hedge Funds Weigh In On ParaZero Technologies

An institutional investor recently bought a new position in ParaZero Technologies stock. Virtu Financial LLC purchased a new position in shares of ParaZero Technologies Ltd. (NASDAQ:PRZO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.71% of ParaZero Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.44% of the company’s stock.

About ParaZero Technologies

ParaZero Technologies Ltd., an aerospace company, designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.