36,622 Shares in Incannex Healthcare Inc. (NASDAQ:IXHL) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Incannex Healthcare Inc. (NASDAQ:IXHL) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 36,622 shares of the company’s stock, valued at approximately $73,000.

Separately, AdvisorShares Investments LLC increased its stake in shares of Incannex Healthcare by 57.1% in the second quarter. AdvisorShares Investments LLC now owns 80,002 shares of the company’s stock worth $238,000 after purchasing an additional 29,087 shares in the last quarter. Institutional investors and hedge funds own 0.43% of the company’s stock.

Incannex Healthcare Trading Down 11.0 %

Shares of IXHL stock opened at $1.78 on Friday. The firm’s 50 day moving average is $2.08 and its 200 day moving average is $2.21. The stock has a market capitalization of $31.40 million, a P/E ratio of -1.28 and a beta of 7.68. Incannex Healthcare Inc. has a 12 month low of $1.50 and a 12 month high of $8.47.

Incannex Healthcare (NASDAQ:IXHL) last posted its earnings results on Monday, September 30th. The company reported ($0.39) earnings per share (EPS) for the quarter. The business had revenue of $0.01 million during the quarter.

Incannex Healthcare Company Profile

Incannex Healthcare Inc, a clinical stage pharmaceutical development company, engages in the research, development, and sale of medicinal cannabinoid and psychedelic pharmaceutical products and therapies. It develops products for the treatment of obstructive sleep apnoea (OSA), traumatic brain injury (TBI) and concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis, inflammatory bowel disease, anxiety disorders, addiction disorders, pain, and other indications.