Yong Rong Asset Management Initiates $38.85M Stake in Webull Corporation, Boosting Position to 12% of Portfolio

Yong Rong Asset Management has acquired 5 million shares of Webull Corporation for an estimated $38.85 million, making it 12% of the fund's portfolio. This new position accounts for 11.78% of the fund's reportable U.S. equity assets as of December 31. Webull's shares were priced at $7.34 as of January 29, and the company operates a technology-driven business model focused on providing accessible, data-rich trading and investment tools to retail investors.