Safety Shot (NASDAQ:SHOT) Shares Up 3.3% – Here’s Why

Safety Shot, Inc. (NASDAQ:SHOT) shares traded up 3.3% on Tuesday . The company traded as high as $0.95 and last traded at $0.94. 467,191 shares traded hands during trading, a decline of 58% from the average session volume of 1,105,205 shares. The stock had previously closed at $0.91.

Safety Shot Stock Up 3.3 %

The firm’s fifty day simple moving average is $1.06 and its two-hundred day simple moving average is $1.06.

Institutional Trading of Safety Shot

Hedge funds have recently made changes to their positions in the company. Tyler Stone Wealth Management boosted its position in shares of Safety Shot by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 34,200 shares of the company’s stock worth $42,000 after acquiring an additional 17,100 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in Safety Shot during the third quarter valued at $27,000. Geode Capital Management LLC boosted its holdings in shares of Safety Shot by 9.7% during the third quarter. Geode Capital Management LLC now owns 433,867 shares of the company’s stock valued at $529,000 after acquiring an additional 38,258 shares during the period. Total Investment Management Inc. acquired a new stake in Safety Shot in the third quarter worth about $49,000. Finally, State Street Corp raised its position in Safety Shot by 40.5% in the third quarter. State Street Corp now owns 146,100 shares of the company’s stock worth $178,000 after acquiring an additional 42,100 shares in the last quarter. Institutional investors and hedge funds own 12.55% of the company’s stock.

About Safety Shot

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women’s sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.