5 Low Float Stocks With High Volume

2. BioVie Inc. (NASDAQ:BIVI)

Number of Hedge Fund Holders: 3

Shares Float: 7.04 million

Avg Volume for 10 days: 2.54 million    

BioVie Inc. (NASDAQ:BIVI) is a clinical-stage biopharmaceutical company that engages in the discovery, development, and commercialization of drugs for the treatment of chronic debilitating conditions in the United States. On December 6, BioVie Inc shares soared after it provided additional data from a Phase 2 trial for its Alzheimer’s candidate NE3107 to suggest its impact on biomarkers of aging-related diseases.

At the end of the third quarter of 2022, 3 hedge funds in the database of Insider Monkey held stakes worth $394,000 in BioVie Inc. (NASDAQ:BIVI), compared to 2 in the preceding quarter worth $933,000.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Sabby Capital is a leading shareholder in BioVie Inc. (NASDAQ:BIVI) with 98,048 shares worth more than $244,000.