Iris Acquisition (NASDAQ:IRAA) Trading 0.1% Higher

Iris Acquisition Corp (NASDAQ:IRAA) shares were up 0.1% during mid-day trading on Wednesday . The stock traded as high as $10.63 and last traded at $10.63. Approximately 100 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 2,065 shares. The stock had previously closed at $10.62.

Iris Acquisition Price Performance

The firm’s fifty day moving average is $10.58 and its 200-day moving average is $10.42.

Hedge Funds Weigh In On Iris Acquisition

A hedge fund recently raised its stake in Iris Acquisition stock. Clear Street LLC raised its position in Iris Acquisition Corp (NASDAQ:IRAA) by 3,491.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,940 shares of the company’s stock after acquiring an additional 38,828 shares during the quarter. Clear Street LLC owned approximately 0.55% of Iris Acquisition worth $413,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 2.92% of the company’s stock.

About Iris Acquisition

Iris Acquisition Corp does not have significant operations. The company 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 formerly known as Tribe Capital Growth Corp I and changed its name to Iris Acquisition Corp in July 2022.