Quantum FinTech Acquisition (NYSE:QFTA) Trading Down 3.3%

Shares of Quantum FinTech Acquisition Co. (NYSE:QFTA) were down 3.3% during mid-day trading on Thursday . The company traded as low as $0.20 and last traded at $0.22. Approximately 421,285 shares traded hands during mid-day trading, an increase of 14,994% from the average daily volume of 2,791 shares. The stock had previously closed at $0.22.

Quantum FinTech Acquisition Stock Performance

The company’s 50 day simple moving average is $0.65 and its 200 day simple moving average is $1.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Quantum FinTech Acquisition stock. Clear Street LLC boosted its holdings in shares of Quantum FinTech Acquisition Co. (NYSE:QFTA) by 37,291.6% in the fourth quarter, according to the company in its most recent Form 13F filing 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 about 0.66% of Quantum FinTech Acquisition worth $413,000 as of its most recent SEC filing. Institutional investors 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.