FinTech Acquisition Corp. III (OTCMKTS:FTACU) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $10.68 and last traded at $10.68, approximately 800 shares changed hands during mid-day trading. A decline of 97% from the average daily volume of 29,658 shares. The stock had previously closed at $10.70.
The firm’s 50-day moving average is $10.68 and its two-hundred day moving average is $10.65.
An institutional investor recently raised its position in FinTech Acquisition Corp. III stock. Cowen Inc. raised its stake in shares of FinTech Acquisition Corp. III (OTCMKTS:FTACU) by 19.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,872 shares of the company’s stock after purchasing an additional 44,272 shares during the period. Cowen Inc.’s holdings in FinTech Acquisition Corp. III were worth $2,879,000 as of its most recent SEC filing.
FinTech Acquisition Corp. III intends to identify and evaluate assets or businesses with a view to completing a qualifying transaction. The company was founded in 2017 and is based in Philadelphia, Pennsylvania.
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