Naked Brand Group Ltd (NASDAQ:NAKD) shares were down 11.3% on Thursday . The stock traded as low as $1.45 and last traded at $1.42. Approximately 500 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 525,816 shares. The stock had previously closed at $1.60.

A hedge fund recently bought a new stake in Naked Brand Group stock. Maso Capital Partners Ltd acquired a new position in Naked Brand Group Ltd (NASDAQ:NAKD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,333,334 shares of the company’s stock, valued at approximately $8,453,000. Naked Brand Group makes up approximately 4.8% of Maso Capital Partners Ltd’s investment portfolio, making the stock its 5th biggest position. Maso Capital Partners Ltd owned 5.81% of Naked Brand Group at the end of the most recent reporting period. 13.59% of the stock is owned by hedge funds and other institutional investors.

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About Naked Brand Group (NASDAQ:NAKD)

Naked Brand Group Limited designs, manufactures, and markets intimate, apparel, and swimwear products worldwide. The company has a portfolio of 11 company-owned and licensed brands, including Heidi Klum Intimates, Heidi Klum Accessories, Bendon, Fayreform, Pleasure State, Lovable, Heidi Klum Swim, Naked, Hickory, Bendon Man, and Davenport.

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