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Empowered Funds Boosts Stake in Nike Amid Company's Turnaround Efforts

Guavy AI Editorial Team
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NKE
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Empowered Funds LLC has significantly increased its stake in NIKE, Inc. (NYSE:NKE), buying an additional 86,352 shares of the footwear maker's stock during the second quarter.

The institutional investor now owns 191,312 shares of NKE, worth approximately $7.85 million as of its most recent SEC filing.

Other investors have also made significant purchases in NIKE, including Jefferies Financial Group Inc., which increased its position by 428.1% and now owns 160,753 shares valued at $6.6 million.

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