Northern Star Investment Corp. III (NYSE:NSTC) Shares Gap Up to $10.20

Northern Star Investment Corp. III (NYSE:NSTC – Get Rating) shares gapped up prior to trading on Wednesday . The stock had previously closed at $10.20, but opened at $10.64. Northern Star Investment Corp. III shares last traded at $10.40, with a volume of 510 shares.

Northern Star Investment Corp. III Stock Down 1.4 %

The company’s fifty day simple moving average is $10.11 and its 200 day simple moving average is $10.08.

Hedge Funds Weigh In On Northern Star Investment Corp. III

Several large investors have recently made changes to their positions in the business. Sandia Investment Management LP purchased a new position in shares of Northern Star Investment Corp. III during the first quarter valued at approximately $4,044,000. Polar Asset Management Partners Inc. lifted its holdings in shares of Northern Star Investment Corp. III by 146.0% during the first quarter. Polar Asset Management Partners Inc. now owns 492,000 shares of the technology company’s stock valued at $4,974,000 after purchasing an additional 292,000 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Northern Star Investment Corp. III by 26.2% during the fourth quarter. Jane Street Group LLC now owns 1,984,190 shares of the technology company’s stock valued at $19,941,000 after purchasing an additional 412,548 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of Northern Star Investment Corp. III by 23.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 17,100 shares of the technology company’s stock valued at $172,000 after acquiring an additional 3,271 shares in the last quarter. Finally, Sea Otter Advisors LLC bought a new stake in shares of Northern Star Investment Corp. III during the fourth quarter valued at approximately $1,005,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

About Northern Star Investment Corp. III

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Northern Star Investment Corp. III does not have significant operations. It focuses on effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify business opportunities in the field of direct-to-consumer and digitally-disruptive e-commerce spaces.