Jane Street Group LLC Boosts Position in Tuya Inc. (NYSE:TUYA)

Jane Street Group LLC grew its holdings in Tuya Inc. (NYSE:TUYA) by 2,493.1% during the 3rd quarter, Holdings Channel reports. The fund owned 691,655 shares of the company’s stock after purchasing an additional 664,982 shares during the period. Jane Street Group LLC’s holdings in Tuya were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in Tuya by 91.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company’s stock valued at $1,046,000 after purchasing an additional 302,261 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Tuya by 60.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company’s stock valued at $578,000 after buying an additional 132,200 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Tuya in the 2nd quarter valued at about $27,000. Acadian Asset Management LLC boosted its stake in shares of Tuya by 59.2% in the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock worth $1,132,000 after buying an additional 247,592 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in Tuya during the third quarter worth about $63,000. Institutional investors and hedge funds own 11.47% of the company’s stock.

Tuya Trading Down 1.7 %

Shares of NYSE:TUYA opened at $1.78 on Monday. Tuya Inc. has a 12-month low of $1.28 and a 12-month high of $2.32. The business has a 50 day moving average of $1.68 and a two-hundred day moving average of $1.61. The company has a market capitalization of $897.81 million, a PE ratio of -59.33 and a beta of 0.45.

About Tuya

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.