XTI Aerospace (NASDAQ:XTIA) Share Price Crosses Below 200 Day Moving Average of $5.02

XTI Aerospace, Inc. (NASDAQ:XTIA) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.02 and traded as low as $1.81. XTI Aerospace shares last traded at $1.89, with a volume of 211,683 shares.

XTI Aerospace Stock Up 0.8 %

The stock has a fifty day moving average of $2.84 and a 200 day moving average of $5.02.

Hedge Funds Weigh In On XTI Aerospace

An institutional investor recently bought a new position in XTI Aerospace stock. Ursa Fund Management LLC purchased a new position in XTI Aerospace, Inc. (NASDAQ:XTIA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,097,944 shares of the technology company’s stock, valued at approximately $62,000. XTI Aerospace makes up approximately 0.1% of Ursa Fund Management LLC’s investment portfolio, making the stock its 19th biggest holding. Ursa Fund Management LLC owned about 1.52% of XTI Aerospace as of its most recent SEC filing. 11.70% of the stock is currently owned by hedge funds and other institutional investors.

About XTI Aerospace

XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.