MarketAxess Holdings (NASDAQ:MKTX), A drop of 529,564 shares or 23.5% was seen in the short interest of MarketAxess Holdings, Inc.. Even as the interest dropped from 2,253,840 shares on May 31,2016 to 1,724,276 shares on June 15,2016, the days to cover came in at 6. The updated interest stood at 4.7% of the stocks floats. The stock has seen an average daily volume of 301,472 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
MarketAxess Holdings (NASDAQ:MKTX): The stock opened at $138.93 on Friday but the bulls could not build on the opening and the stock topped out at $142.25 for the day. The stock traded down to $137.88 during the day, due to lack of any buying support eventually closed down at $139.18 with a loss of -3.43% for the day. The stock had closed at $144.13 on the previous day. The total traded volume was 3,945,631 shares.
The company shares have rallied 50.76% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $144.14 and the one year low was seen on Oct 21, 2015. The 50-Day Moving Average price is $137.57 and the 200 Day Moving Average price is recorded at $121.46.
MarketAxess Holdings (NASDAQ:MKTX) has tumbled 0.93% during the past week and has dropped 1% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.72% and the outperformance has advanced to 2% for the last 4 weeks period.
MarketAxess Holdings Inc. (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data analytics, compliance tools and post-trade services. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Companys trading platform provides access to global liquidity in United States high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, United States agency bonds, credit derivatives and other fixed-income securities. The Companys multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. The Company offers various services, including Information Services, Post-Trade Services and Straight-Through Processing.