Fintech Ecosystem Development (NASDAQ:FEXD) Shares Down 0.8%

Fintech Ecosystem Development Corp. (NASDAQ:FEXD)’s share price was down 0.8% on Monday . The company traded as low as $11.30 and last traded at $11.30. Approximately 217 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 32,430 shares. The stock had previously closed at $11.39.

Fintech Ecosystem Development Price Performance

The company has a 50 day moving average of $11.34 and a two-hundred day moving average of $11.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FEXD. BCK Capital Management LP purchased a new stake in Fintech Ecosystem Development during the 4th quarter worth about $401,000. Clear Street LLC grew its position in shares of Fintech Ecosystem Development by 362.7% during the fourth quarter. Clear Street LLC now owns 162,240 shares of the company’s stock worth $1,751,000 after acquiring an additional 127,179 shares during the last quarter. Periscope Capital Inc. increased its stake in Fintech Ecosystem Development by 25.1% in the first quarter. Periscope Capital Inc. now owns 125,107 shares of the company’s stock valued at $1,376,000 after purchasing an additional 25,107 shares during the period. Finally, K2 Principal Fund L.P. acquired a new position in Fintech Ecosystem Development in the 1st quarter valued at about $915,000.

About Fintech Ecosystem Development

Fintech Ecosystem Development Corp. does not have significant operations. The company 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 acquire companies in the financial technology development sector in South Asia.