Tiga Acquisition (NYSE:TINV) Trading Up 3.8%

Tiga Acquisition Corp. (NYSE:TINV)’s stock price rose 3.8% during mid-day trading on Friday . The company traded as high as $10.14 and last traded at $10.13. Approximately 528,772 shares traded hands during trading, an increase of 399% from the average daily volume of 105,946 shares. The stock had previously closed at $9.76.

Tiga Acquisition Stock Up 3.8 %

The business has a 50 day simple moving average of $9.04 and a two-hundred day simple moving average of $7.75.

Hedge Funds Weigh In On Tiga Acquisition

An institutional investor recently bought a new position in Tiga Acquisition stock. Cubist Systematic Strategies LLC bought a new stake in shares of Tiga Acquisition Corp. (NYSE:TINV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 70,758 shares of the company’s stock, valued at approximately $727,000. Cubist Systematic Strategies LLC owned 0.21% of Tiga Acquisition at the end of the most recent reporting period. 54.49% of the stock is currently owned by institutional investors and hedge funds.

Tiga Acquisition Company Profile

Tiga Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is headquartered in Singapore.