Financial Strategies Acquisition Corp. (NASDAQ:FXCOW – Get Rating) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,000 shares, a drop of 88.0% from the November 30th total of 50,100 shares. Based on an average trading volume of 13,100 shares, the short-interest ratio is currently 0.5 days.
Institutional Trading of Financial Strategies Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ramius Advisors LLC purchased a new stake in shares of Financial Strategies Acquisition in the second quarter worth $91,000. EHP Funds Inc. purchased a new position in Financial Strategies Acquisition during the first quarter valued at $117,000. Saba Capital Management L.P. purchased a new position in Financial Strategies Acquisition during the first quarter valued at $74,000. Polar Asset Management Partners Inc. purchased a new position in Financial Strategies Acquisition during the first quarter valued at $51,000. Finally, Rivernorth Capital Management LLC purchased a new position in Financial Strategies Acquisition during the first quarter valued at $26,000.
Get Financial Strategies Acquisition alerts:Financial Strategies Acquisition Price Performance
Shares of NASDAQ FXCOW remained flat at $0.02 during midday trading on Thursday. 700 shares of the stock were exchanged, compared to its average volume of 37,366. The business's 50-day simple moving average is $0.03 and its 200-day simple moving average is $0.05. Financial Strategies Acquisition has a 1 year low of $0.00 and a 1 year high of $0.38.
Financial Strategies Acquisition Company Profile
(Get Rating)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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