Focus Impact Acquisition (NASDAQ:FIAC) Trading Up 0.1%

Focus Impact Acquisition Corp. (NASDAQ:FIAC) shares shot up 0.1% on Monday . The company traded as high as $11.06 and last traded at $11.06. 56,414 shares traded hands during trading, an increase of 265% from the average session volume of 15,451 shares. The stock had previously closed at $11.05.

Focus Impact Acquisition Price Performance

The firm’s 50-day simple moving average is $11.02 and its 200-day simple moving average is $10.96.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FIAC. Quarry LP purchased a new stake in Focus Impact Acquisition in the fourth quarter worth about $1,599,000. PenderFund Capital Management Ltd. bought a new position in shares of Focus Impact Acquisition during the fourth quarter valued at approximately $273,000. Shaolin Capital Management LLC boosted its stake in shares of Focus Impact Acquisition by 200.0% during the third quarter. Shaolin Capital Management LLC now owns 175,000 shares of the company’s stock valued at $1,888,000 after purchasing an additional 350,000 shares in the last quarter. Finally, Periscope Capital Inc. increased its holdings in Focus Impact Acquisition by 2.9% during the third quarter. Periscope Capital Inc. now owns 231,441 shares of the company’s stock valued at $2,505,000 after buying an additional 6,441 shares during the period. 75.79% of the stock is currently owned by hedge funds and other institutional investors.

Focus Impact Acquisition Company Profile

Focus Impact Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in the education technology, technology-enabled manufacturing and services, and financial and healthcare technology sectors.