According to a 13F-HR form published on Monday, the firm Simplex Trading, Llc disclosed owning 242,138 shares of the EV maker Mullen Automotive. Previously, on February 23, the firm had disclosed owning 7,117 shares. The Chicago-based Simplex Trading added a total of 235,021 shares between February 23 and the end of March, representing a change in shares of 3,302.25 percent.
Among the recent options, Simplex Trading bought Calls and Puts of 3 companies: Tesla (4,077,500 Calls and 3,887,800 Puts), Amazon Puts (663,000 Calls and 891,000 Puts) and Apple (11,261,100 Calls and 13,256,700 Puts).
Mullen reached on April its highest level of Institutional Owners with 58 shareholders owning a total of 1,332,751 shares. Among the largest shareholders there’s: Cutler Group LP, Cetera Advisor Networks LLC, BlackRock Inc., Vanguard Group Inc, Cutler Group LP, Belvedere Trading LLC, and VTSMX.
Simplex is a derivatives-focused electronic market maker and proprietary trading firm headquartered in Chicago. Founded in Chicago in 2004, Simplex works with the most advanced technology and software in the market focusing on innovation, automation and data-driven analysis, the company states.
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Earlier today, Mullen announced an upcoming 19-city national test drive tour for the Mullen FIVE starting in October. As part of its tour, Mullen will make stops across the U.S to provide FIVE reservation holders with the opportunity to test drive and experience the new Mullen FIVE EV Crossover in person.
The company announced on Monday the filing of its ATVM loan application for the Mullen ONE EV Cargo Van Program with the U.S. Department of Energy. The application was filed on April 29, 2022. Mullen submitted its prequalification on April 25, and was invited by the Department of Energy to formally submit its loan application on April 29, 2022. Mullen submitted the loan application on April 29 at approximately 1:55 p.m. Pacific time.
Mullen recently teased via Twitter its Van production ahead of the first deliveries in Q2 2022, as announced by Mullen’s CEO on March 30. At the time, David Michery unveiled that a Fortune500 company is going to buy “a lot of these vehicles” with the official press release expected during the next weeks.
Last week, Mullen posted a new job vacancy on Indeed Platform looking for an Investor Relations Associate. The position is based in Brea, California, and the candidate will be responsible for engagement with the investing public, shareholders and financial professionals, the company said.