ShoulderUp Technology Acquisition Corp. (NYSE:SUAC) saw a decrease in short interest in March, with short interest totalling 3,600 shares, a decrease of 36.8% compared to the previous period. The company has been attracting attention from institutional investors and hedge funds, with several recent additions or reductions in their stakes. These include First Trust Capital Management L.P., Parallax Volatility Advisers L.P., RPO LLC, JPMorgan Chase & Co., and Centiva Capital LP. Shares of NYSE:SUAC opened at $10.36 on Tuesday. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses.
ShoulderUp Technology Acquisition Corp. (NYSE:SUAC) experienced a significant drop in short interest in March, with short interest totalling 3,600 shares as of March 15th. This marks a 36.8% decrease from the previous period.
Institutional investors and hedge funds have been active in adding to or reducing their stakes in SUAC recently. Among them, First Trust Capital Management L.P. purchased a new position in ShoulderUp Technology Acquisition in the third quarter worth approximately $4,203,000, while Parallax Volatility Advisers L.P. increased its holdings in the company by 16.2% in the second quarter, owning 949,131 shares of the company’s stock worth $9,415,000 after acquiring an additional 132,658 shares in the last quarter.
Meanwhile, JPMorgan Chase & Co. boosted its holdings in ShoulderUp Technology Acquisition by 100.0% in the second quarter, now owning 200,000 shares of the company’s stock worth $1,984,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors own 68.28% of the company’s stock.
Shares of NYSE:SUAC opened at $10.36 on Tuesday, with a 50-day simple moving average of $10.29 and a 200-day simple moving average of $10.15. The stock has a 52-week low of $9.85 and a 52-week high of $10.69.
ShoulderUp Technology Acquisition Corp. was incorporated in 2021 and is based in Kennesaw, Georgia. It is a company that does not have significant operations, focusing instead on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses.
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