Financial Strategies Acquisition Corp. (NASDAQ:FXCOW – Get Rating) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 50,100 shares, a drop of 17.6% from the November 15th total of 60,800 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is presently 8.2 days.

Institutional Investors Weigh In On Financial Strategies Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the business. Radcliffe Capital Management L.P. purchased a new position in shares of Financial Strategies Acquisition in the 1st quarter valued at approximately $991,000. Rivernorth Capital Management LLC purchased a new position in shares of Financial Strategies Acquisition in the 1st quarter valued at approximately $26,000. Polar Asset Management Partners Inc. purchased a new position in shares of Financial Strategies Acquisition in the 1st quarter valued at approximately $51,000. Yakira Capital Management Inc. purchased a new position in shares of Financial Strategies Acquisition in the 1st quarter valued at approximately $58,000. Finally, Saba Capital Management L.P. purchased a new position in shares of Financial Strategies Acquisition in the 1st quarter valued at approximately $74,000.

Financial Strategies Acquisition Stock Performance

NASDAQ FXCOW remained flat at $0.02 on Friday. The company's stock had a trading volume of 83,312 shares, compared to its average volume of 37,823. Financial Strategies Acquisition has a 1-year low of $0.00 and a 1-year high of $0.38. The firm's 50-day simple moving average is $0.03 and its 200-day simple moving average is $0.06.

About Financial Strategies Acquisition

Financial Strategies Acquisition Corp. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. It focuses on identifying businesses in the financial technology and financial services sector. The company was incorporated in 2020 and is based in Dallas, Texas.

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