Quantum FinTech Acquisition (NYSE:QFTA) Trading Down 4.9%

Shares of Quantum FinTech Acquisition Co. (NYSE:QFTA) fell 4.9% during trading on Monday . The company traded as low as $0.16 and last traded at $0.16. 154,810 shares traded hands during trading, an increase of 5,447% from the average session volume of 2,791 shares. The stock had previously closed at $0.16.

Quantum FinTech Acquisition Price Performance

The firm has a 50-day moving average of $0.36 and a two-hundred day moving average of $1.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Quantum FinTech Acquisition stock. Clear Street LLC grew its position in shares of Quantum FinTech Acquisition Co. (NYSE:QFTA) by 37,291.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,557 shares of the company’s stock after purchasing an additional 66,379 shares during the period. Clear Street LLC owned approximately 0.66% of Quantum FinTech Acquisition worth $413,000 as of its most recent SEC filing. Institutional investors and hedge funds own 30.51% of the company’s stock.

About Quantum FinTech Acquisition

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.