ExcelFin Acquisition Corp. (NASDAQ:XFIN – Get Free Report)’s stock price dropped 0.1% on Wednesday . The company traded as low as $11.03 and last traded at $11.05. Approximately 1,115 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 16,499 shares. The stock had previously closed at $11.06.
ExcelFin Acquisition Stock Down 0.1 %
The stock has a fifty day moving average of $11.04 and a 200-day moving average of $10.91.
Institutional Investors Weigh In On ExcelFin Acquisition
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shaolin Capital Management LLC grew its stake in shares of ExcelFin Acquisition by 200.0% during the third quarter. Shaolin Capital Management LLC now owns 235,221 shares of the company’s stock valued at $2,503,000 after purchasing an additional 470,444 shares during the last quarter. Berkley W R Corp acquired a new position in ExcelFin Acquisition during the 1st quarter worth $1,801,000. Wolverine Asset Management LLC bought a new position in ExcelFin Acquisition in the 4th quarter valued at $1,094,000. Cowen AND Company LLC increased its stake in shares of ExcelFin Acquisition by 249.8% in the 4th quarter. Cowen AND Company LLC now owns 103,188 shares of the company’s stock valued at $1,105,000 after buying an additional 73,688 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of ExcelFin Acquisition during the third quarter worth $561,000. Institutional investors and hedge funds own 19.78% of the company’s stock.
About ExcelFin Acquisition
ExcelFin Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Mill, South Carolina.
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