Focus Impact Acquisition Corp. (NASDAQ:FIAC – Get Rating) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 12,900 shares, a decline of 6.5% from the March 15th total of 13,800 shares. Based on an average daily volume of 158,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Cohanzick Management LLC purchased a new position in Focus Impact Acquisition in the 1st quarter valued at approximately $40,000. Royal Bank of Canada purchased a new position in Focus Impact Acquisition in the 1st quarter valued at approximately $73,000. Glazer Capital LLC grew its stake in Focus Impact Acquisition by 1,524.4% in the 3rd quarter. Glazer Capital LLC now owns 10,656 shares of the company's stock valued at $107,000 after buying an additional 10,000 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Focus Impact Acquisition during the 1st quarter valued at $112,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Focus Impact Acquisition during the 1st quarter valued at $146,000. 69.50% of the stock is currently owned by hedge funds and other institutional investors.
Get Focus Impact Acquisition alerts:Focus Impact Acquisition Stock Up 0.1 %
Shares of Focus Impact Acquisition stock opened at $10.40 on Friday. Focus Impact Acquisition has a 1 year low of $9.89 and a 1 year high of $10.49. The firm's 50 day moving average is $10.36 and its 200 day moving average is $10.21.
About Focus Impact Acquisition
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Focus Impact Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in the education technology, technology-enabled manufacturing and services, and financial and healthcare technology sectors.
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