byNordic Acquisition (NASDAQ:BYNO) Shares Up 0.3%

byNordic Acquisition Co. (NASDAQ:BYNO)’s share price shot up 0.3% during mid-day trading on Wednesday . The stock traded as high as $11.28 and last traded at $11.26. 1,780 shares were traded during trading, a decline of 95% from the average session volume of 34,060 shares. The stock had previously closed at $11.23.

byNordic Acquisition Trading Up 0.3 %

The company’s 50 day simple moving average is $11.20 and its 200-day simple moving average is $11.09.

Institutional Investors Weigh In On byNordic Acquisition

Hedge funds have recently modified their holdings of the stock. Walleye Capital LLC purchased a new stake in byNordic Acquisition during the third quarter worth approximately $2,989,000. Atalaya Capital Management LP purchased a new stake in byNordic Acquisition during the fourth quarter worth approximately $1,001,000. Walleye Trading LLC purchased a new stake in byNordic Acquisition during the third quarter worth approximately $1,343,000. Wolverine Asset Management LLC grew its stake in byNordic Acquisition by 16.9% during the fourth quarter. Wolverine Asset Management LLC now owns 159,796 shares of the company’s stock worth $1,750,000 after buying an additional 23,109 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of byNordic Acquisition during the first quarter worth $240,000. 32.91% of the stock is owned by institutional investors and hedge funds.

About byNordic Acquisition

byNordic Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial technology sector in Northern Europe. byNordic Acquisition Corporation was incorporated in 2019 and is based in Malmö, Sweden.