Tristar Acquisition I (NYSE:TRIS) Trading 0.1% Higher

Tristar Acquisition I Corp. (NYSE:TRIS) shares shot up 0.1% during mid-day trading on Thursday . The company traded as high as $11.03 and last traded at $11.03. Approximately 3,872 shares were traded during trading, a decline of 93% from the average daily volume of 54,713 shares. The stock had previously closed at $11.02.

Tristar Acquisition I Stock Up 0.1 %

The firm has a 50 day simple moving average of $10.95 and a 200-day simple moving average of $10.85.

Hedge Funds Weigh In On Tristar Acquisition I

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIS. Spartan Fund Management Inc. grew its stake in Tristar Acquisition I by 1,566.7% in the third quarter. Spartan Fund Management Inc. now owns 250,000 shares of the company’s stock valued at $2,673,000 after purchasing an additional 235,000 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Tristar Acquisition I in the third quarter worth about $2,137,000. BCK Capital Management LP acquired a new stake in Tristar Acquisition I in the third quarter worth about $794,000. Mizuho Securities USA LLC acquired a new stake in Tristar Acquisition I in the third quarter worth about $5,889,000. Finally, Cowen AND Company LLC boosted its holdings in Tristar Acquisition I by 313.0% in the third quarter. Cowen AND Company LLC now owns 498,826 shares of the company’s stock worth $5,332,000 after acquiring an additional 378,032 shares in the last quarter. Hedge funds and other institutional investors own 62.44% of the company’s stock.

Tristar Acquisition I Company Profile

Tristar Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on targeting a telecommunications and technology oriented company.