Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) Shares Down 1.6% – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP)’s share price dropped 1.6% on Friday. The company traded as low as $12.80 and last traded at $12.5950. 2 shares were traded during mid-day trading, a decline of 100% from the average session volume of 14,725 shares. The stock had previously closed at $12.80.

Wheeler Real Estate Investment Trust Stock Performance

The stock has a 50-day simple moving average of $10.35 and a 200-day simple moving average of $8.37.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently raised its position in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP lifted its position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) by 13.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,855 shares of the company’s stock after purchasing an additional 1,423 shares during the quarter. Susquehanna International Group LLP’s holdings in Wheeler Real Estate Investment Trust were worth $119,000 as of its most recent filing with the SEC.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on owning, leasing and managing income-producing retail properties. Its portfolio has historically emphasized grocery-anchored shopping centers, neighborhood shopping centers and community shopping centers that serve everyday consumer needs.

The company’s properties are generally located in the southeastern United States and are leased to grocery stores, restaurants, service providers and other retail tenants.