Fusion Acquisition Corp. (NYSE:FUSE) saw some unusual options trading on Tuesday. Stock traders acquired 18,439 call options on the stock. This is an increase of approximately 870% compared to the typical daily volume of 1,900 call options.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC acquired a new stake in shares of Fusion Acquisition during the 1st quarter valued at $47,000. Royal Bank of Canada acquired a new stake in shares of Fusion Acquisition during the 1st quarter valued at $52,000. Black Maple Capital Management LP acquired a new stake in shares of Fusion Acquisition during the 1st quarter valued at $100,000. First Heartland Consultants Inc. acquired a new stake in shares of Fusion Acquisition during the 1st quarter valued at $119,000. Finally, OLD Mission Capital LLC acquired a new position in Fusion Acquisition during the 3rd quarter worth about $121,000. 58.80% of the stock is currently owned by institutional investors.
NYSE FUSE opened at $10.76 on Wednesday. Fusion Acquisition has a twelve month low of $9.51 and a twelve month high of $12.90. The business’s fifty day moving average is $9.96 and its 200 day moving average is $9.98.
Fusion Acquisition Corp. does not have significant operations. It focuses on entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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