TENOR CAPITAL MANAGEMENT Co. L.P. reduced its position in shares of FTAC Olympus Acquisition Corp. (NASDAQ:FTOC) by 42.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 259,011 shares of the company’s stock after selling 190,989 shares during the quarter. TENOR CAPITAL MANAGEMENT Co. L.P.’s holdings in FTAC Olympus Acquisition were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Ion Asset Management Ltd. acquired a new stake in shares of FTAC Olympus Acquisition during the 1st quarter valued at approximately $125,000. Jennison Associates LLC bought a new position in FTAC Olympus Acquisition during the 1st quarter worth $7,608,000. Cowen AND Company LLC bought a new position in FTAC Olympus Acquisition during the 1st quarter worth $347,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in FTAC Olympus Acquisition during the 1st quarter worth $459,000. Finally, Newtyn Management LLC bought a new position in FTAC Olympus Acquisition during the 1st quarter worth $1,040,000.
Shares of NASDAQ:FTOC remained flat at $$10.76 on Thursday. The stock had a trading volume of 1,294,094 shares, compared to its average volume of 2,256,200. FTAC Olympus Acquisition Corp. has a 12 month low of $9.60 and a 12 month high of $14.50. The business has a 50 day simple moving average of $10.33.
Separately, Northland Securities assumed coverage on FTAC Olympus Acquisition in a research note on Thursday, June 3rd. They set an “outperform” rating and a $14.00 price objective for the company.
FTAC Olympus Acquisition Profile
FTAC Olympus Acquisition Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.
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