Apex Technology Acquisition (NASDAQ:APXT) Trading Down 0.4% – What’s Next?

Apex Technology Acquisition Co. (NASDAQ:APXT)’s share price was down 0.4% on Thursday . The company traded as low as $9.93 and last traded at $9.95. Approximately 92,709 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 105,334 shares. The stock had previously closed at $9.99.

Apex Technology Acquisition Price Performance

The business’s 50-day moving average is $9.96 and its two-hundred day moving average is $11.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bulldog Investors LLP bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $425,000. Gritstone Asset Management LLC bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $494,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $494,000. Sculptor Capital LP bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $522,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $865,000. Institutional investors own 6.01% of the company’s stock.

About Apex Technology Acquisition

Apex Technology Acquisition Corporation 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 in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.