Financial Strategies Acquisition Corp. (NASDAQ:FXCOW – Get Rating) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 9,800 shares, a decline of 9.3% from the March 15th total of 10,800 shares. Based on an average trading volume of 23,400 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of Financial Strategies Acquisition
Several institutional investors and hedge funds have recently modified their holdings of FXCOW. Rivernorth Capital Management LLC purchased a new position in shares of Financial Strategies Acquisition during the 1st quarter valued at about $26,000. Polar Asset Management Partners Inc. purchased a new position in shares of Financial Strategies Acquisition during the 1st quarter valued at about $51,000. Saba Capital Management L.P. purchased a new position in shares of Financial Strategies Acquisition during the 1st quarter valued at about $74,000. EHP Funds Inc. purchased a new position in shares of Financial Strategies Acquisition during the 1st quarter valued at about $117,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of Financial Strategies Acquisition during the 1st quarter valued at about $991,000.
Get Financial Strategies Acquisition alerts:Financial Strategies Acquisition Trading Up 4.7 %
Shares of NASDAQ FXCOW traded up $0.00 during trading on Friday, reaching $0.03. The company had a trading volume of 9,700 shares, compared to its average volume of 32,623. Financial Strategies Acquisition has a 12 month low of $0.00 and a 12 month high of $0.17. The company's fifty day moving average price is $0.04 and its 200-day moving average price is $0.03.
Financial Strategies Acquisition Company Profile
(Get Rating)
Financial Strategies Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company focuses on identifying businesses in the financial technology and financial services sector.
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