Nubia Brand International Corp. (NASDAQ:NUBIU – Get Rating) shares shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $10.32 and last traded at $10.32. 200 shares were traded during mid-day trading, a decline of 25% from the average session volume of 267 shares. The stock had previously closed at $10.27.

Nubia Brand International Price Performance

The stock has a 50-day moving average price of $10.26 and a 200-day moving average price of $10.15.

Institutional Trading of Nubia Brand International

A number of hedge funds have recently made changes to their positions in the business. Ergoteles LLC bought a new position in shares of Nubia Brand International during the first quarter worth approximately $120,000. Starboard Value LP bought a new position in shares of Nubia Brand International during the first quarter worth approximately $4,887,000. Radcliffe Capital Management L.P. bought a new position in shares of Nubia Brand International during the first quarter worth approximately $3,002,000. Polar Asset Management Partners Inc. bought a new position in shares of Nubia Brand International during the first quarter worth approximately $3,002,000. Finally, Virtu Financial LLC bought a new position in shares of Nubia Brand International during the first quarter worth approximately $237,000.

About Nubia Brand International

Nubia Brand International Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify, acquire, and build a business operating in the wireless telecommunications sphere.

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