CONX Corp. (NASDAQ:CONX – Get Rating) saw an uptick in trading volume on Tuesday . 13,157 shares were traded during mid-day trading, an increase of 129% from the previous session's volume of 5,739 shares.The stock last traded at $10.09 and had previously closed at $10.09.

CONX Price Performance

The company's 50-day moving average is $10.02 and its 200 day moving average is $10.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its holdings in shares of CONX by 80.6% in the first quarter. UBS Group AG now owns 6,522 shares of the company's stock valued at $64,000 after purchasing an additional 2,910 shares during the period. Landscape Capital Management L.L.C. acquired a new position in CONX in the 2nd quarter worth approximately $133,000. Wolverine Trading LLC raised its position in CONX by 238.5% during the 3rd quarter. Wolverine Trading LLC now owns 16,728 shares of the company's stock worth $167,000 after buying an additional 28,807 shares during the last quarter. Berkley W R Corp acquired a new stake in CONX during the 1st quarter valued at approximately $174,000. Finally, Boothbay Fund Management LLC acquired a new stake in CONX during the 3rd quarter valued at approximately $278,000. Hedge funds and other institutional investors own 77.88% of the company's stock.

About CONX

(Get Rating)

CONX Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to focus its search on identifying a prospective target operating in the technology, media, and telecommunications industries, including wireless communications industry.

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