CF Acquisition Corp. IV (NASDAQ:CFIV) Sees Strong Trading Volume

CF Acquisition Corp. IV (NASDAQ:CFIVGet Rating) saw an uptick in trading volume on Wednesday . 13,700 shares were traded during mid-day trading, a decline of 60% from the previous session’s volume of 34,284 shares.The stock last traded at $9.93 and had previously closed at $9.94.

CF Acquisition Corp. IV Price Performance

The company’s 50 day moving average price is $9.90 and its two-hundred day moving average price is $9.86.

Hedge Funds Weigh In On CF Acquisition Corp. IV

A number of institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in CF Acquisition Corp. IV by 333.0% during the second quarter. Goldman Sachs Group Inc. now owns 302,052 shares of the company’s stock worth $2,972,000 after purchasing an additional 232,287 shares during the period. Aristeia Capital LLC raised its stake in CF Acquisition Corp. IV by 3.4% during the second quarter. Aristeia Capital LLC now owns 2,283,541 shares of the company’s stock worth $22,470,000 after purchasing an additional 76,000 shares during the period. Berkley W R Corp raised its stake in CF Acquisition Corp. IV by 13.0% during the second quarter. Berkley W R Corp now owns 492,526 shares of the company’s stock worth $4,846,000 after purchasing an additional 56,652 shares during the period. Westchester Capital Management LLC raised its stake in CF Acquisition Corp. IV by 306.9% during the second quarter. Westchester Capital Management LLC now owns 587,558 shares of the company’s stock worth $5,782,000 after purchasing an additional 443,168 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in CF Acquisition Corp. IV during the second quarter worth about $2,769,000. 65.79% of the stock is owned by hedge funds and other institutional investors.

CF Acquisition Corp. IV Company Profile

(Get Rating)

CF Acquisition Corp. IV does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the financial services, healthcare, real estate, technology, and software industries.

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