Cubist Systematic Strategies LLC acquired a new position in shares of byNordic Acquisition Co. (NASDAQ:BYNO – Get Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 692,700 shares of the company's stock, valued at approximately $6,865,000. Cubist Systematic Strategies LLC owned about 2.89% of byNordic Acquisition as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Karpus Management Inc. bought a new stake in byNordic Acquisition during the 2nd quarter worth about $159,000. Bank of Montreal Can bought a new position in shares of byNordic Acquisition in the 2nd quarter valued at about $378,000. Wolverine Asset Management LLC bought a new position in shares of byNordic Acquisition in the 2nd quarter valued at about $1,129,000. Millennium Management LLC bought a new position in shares of byNordic Acquisition in the 2nd quarter valued at about $1,375,000. Finally, Linden Advisors LP bought a new position in shares of byNordic Acquisition in the 2nd quarter valued at about $6,965,000. Institutional investors own 43.91% of the company's stock.

byNordic Acquisition Price Performance

Shares of NASDAQ BYNO opened at $10.06 on Friday. byNordic Acquisition Co. has a 1 year low of $9.89 and a 1 year high of $10.59. The firm's 50-day moving average is $10.05 and its 200-day moving average is $10.00.

byNordic Acquisition Company Profile

byNordic Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial technology sector in Northern Europe. The company was incorporated in 2019 and is based in Malmö, Sweden.

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