Applied Digital Corporation (APLD) shares are up 5.80% to $7.48 as of 10:30 am on Thursday, following a significant increase in institutional investment. Private Advisor Group LLC notably increased its stake in the company by 159.7% during the third quarter, acquiring an additional 23,800 shares, bringing its total to 38,700 shares valued at $319,000. This surge in institutional interest is likely contributing to the positive momentum in APLD's stock price.