Northern Star Investment Corp. IV (NYSE:NSTD) Short Interest Update

Northern Star Investment Corp. IV (NYSE:NSTDGet Rating) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 2,700 shares, a decrease of 49.1% from the April 30th total of 5,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,300 shares, the short-interest ratio is presently 0.1 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Saba Capital Management L.P. raised its position in Northern Star Investment Corp. IV by 18.1% during the first quarter. Saba Capital Management L.P. now owns 1,455,017 shares of the company’s stock valued at $14,201,000 after acquiring an additional 222,525 shares in the last quarter. Blackstone Inc. acquired a new position in Northern Star Investment Corp. IV during the first quarter valued at approximately $480,000. Hsbc Holdings PLC grew its holdings in Northern Star Investment Corp. IV by 6.4% during the first quarter. Hsbc Holdings PLC now owns 1,304,349 shares of the company’s stock valued at $12,728,000 after purchasing an additional 78,237 shares during the last quarter. Basso Capital Management L.P. acquired a new position in Northern Star Investment Corp. IV during the first quarter valued at approximately $1,270,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Northern Star Investment Corp. IV by 31.6% in the first quarter. JPMorgan Chase & Co. now owns 98,719 shares of the company’s stock worth $963,000 after acquiring an additional 23,719 shares during the last quarter. 63.67% of the stock is owned by institutional investors and hedge funds.

NYSE:NSTD opened at $9.76 on Friday. Northern Star Investment Corp. IV has a twelve month low of $9.64 and a twelve month high of $10.19. The company has a 50-day moving average of $9.77 and a 200-day moving average of $9.75.

About Northern Star Investment Corp. IV (Get Rating)

Northern Star Investment Corp. IV does not have significant operations. It intends to effect 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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