JOFF Fintech Acquisition (NASDAQ:JOFF) Sees Strong Trading Volume

Shares of JOFF Fintech Acquisition Corp. (NASDAQ:JOFFGet Rating) saw an uptick in trading volume on Friday . 618 shares were traded during mid-day trading, a decline of 88% from the previous session’s volume of 5,257 shares.The stock last traded at $9.85 and had previously closed at $9.86.

JOFF Fintech Acquisition Price Performance

The company has a 50-day moving average price of $9.85 and a two-hundred day moving average price of $9.81.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JOFF. Saba Capital Management L.P. grew its position in shares of JOFF Fintech Acquisition by 12.7% during the 1st quarter. Saba Capital Management L.P. now owns 2,608,761 shares of the company’s stock valued at $25,488,000 after purchasing an additional 293,812 shares in the last quarter. Aristeia Capital LLC bought a new position in JOFF Fintech Acquisition in the 1st quarter worth about $20,011,000. Marshall Wace LLP raised its holdings in shares of JOFF Fintech Acquisition by 34.3% in the 4th quarter. Marshall Wace LLP now owns 1,944,643 shares of the company’s stock valued at $18,961,000 after acquiring an additional 496,178 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of JOFF Fintech Acquisition by 274.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,919,760 shares of the company’s stock valued at $18,718,000 after acquiring an additional 1,407,365 shares during the last quarter. Finally, Sculptor Capital LP grew its holdings in shares of JOFF Fintech Acquisition by 18.5% during the second quarter. Sculptor Capital LP now owns 1,187,632 shares of the company’s stock worth $11,675,000 after purchasing an additional 185,344 shares in the last quarter. Hedge funds and other institutional investors own 64.93% of the company’s stock.

About JOFF Fintech Acquisition

(Get Rating)

JOFF Fintech Acquisition Corp. does not have significant operations. It focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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