Angel Pond (NYSE:POND) Shares Up 5.3%

Shares of Angel Pond Holdings Co. (NYSE:POND – Get Rating) shot up 5.3% on Tuesday . The company traded as high as $3.60 and last traded at $3.56. 60,362 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 81,305 shares. The stock had previously closed at $3.38.

Angel Pond Stock Up 5.3 %

The business’s fifty day moving average is $7.11 and its two-hundred day moving average is $8.90.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in Angel Pond by 10.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,990 shares of the company’s stock valued at $3,099,000 after purchasing an additional 30,629 shares during the last quarter. Ergoteles LLC acquired a new stake in shares of Angel Pond during the third quarter worth approximately $316,000. Mangrove Partners lifted its stake in Angel Pond by 34.4% during the third quarter. Mangrove Partners now owns 445,203 shares of the company’s stock worth $4,376,000 after purchasing an additional 113,986 shares during the last quarter. Taconic Capital Advisors LP raised its stake in shares of Angel Pond by 38.6% during the third quarter. Taconic Capital Advisors LP now owns 1,795,489 shares of the company’s stock valued at $17,650,000 after purchasing an additional 500,000 shares in the last quarter. Finally, Aristeia Capital LLC acquired a new position in Angel Pond during the third quarter worth about $983,000. Hedge funds and other institutional investors own 64.13% of the company’s stock.

Angel Pond Company Profile

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Angel Pond Holdings Corporation focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on target businesses within technology-enabled sectors, including e-commerce; enterprise software and cloud computing; and fintech.