Quantum FinTech Acquisition Co. (NYSE:QFTA – Get Free Report) shares traded up 1.2% on Friday . The stock traded as high as $1.13 and last traded at $1.12. 26,487 shares traded hands during trading, an increase of 849% from the average session volume of 2,791 shares. The stock had previously closed at $1.11.
Quantum FinTech Acquisition Stock Performance
The company’s fifty day simple moving average is $1.25 and its two-hundred day simple moving average is $4.80.
Institutional Trading of Quantum FinTech Acquisition
Several institutional investors and hedge funds have recently made changes to their positions in QFTA. Cable Car Capital LLC purchased a new stake in shares of Quantum FinTech Acquisition in the fourth quarter valued at about $14,581,000. Mizuho Securities USA LLC bought a new position in Quantum FinTech Acquisition during the third quarter valued at about $4,792,000. Clear Street LLC grew its position in Quantum FinTech Acquisition by 37,291.6% during the fourth quarter. Clear Street LLC now owns 66,557 shares of the company’s stock valued at $413,000 after buying an additional 66,379 shares during the period. TrueMark Investments LLC bought a new position in Quantum FinTech Acquisition during the fourth quarter valued at about $85,000. Finally, Meteora Capital LLC grew its position in Quantum FinTech Acquisition by 2.8% during the third quarter. Meteora Capital LLC now owns 321,141 shares of the company’s stock valued at $3,420,000 after buying an additional 8,827 shares during the period. Hedge funds and other institutional investors own 30.51% of the company’s stock.
Quantum FinTech Acquisition Company Profile
Quantum FinTech Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Tampa, Florida.
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