Tiga Acquisition (NYSE:TINV) Trading 0.3% Higher

Tiga Acquisition Corp. (NYSE:TINV)’s stock price traded up 0.3% on Friday . The stock traded as high as $6.81 and last traded at $6.71. 563,358 shares were traded during mid-day trading, an increase of 432% from the average session volume of 105,946 shares. The stock had previously closed at $6.69.

Tiga Acquisition Price Performance

The company’s fifty day moving average is $6.16 and its two-hundred day moving average is $6.09.

Institutional Trading of Tiga Acquisition

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

About Tiga Acquisition

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.