MedTech Acquisition (NASDAQ:MTAC) Shares Up 0.3%

MedTech Acquisition Co. (NASDAQ:MTAC – Get Rating)’s share price shot up 0.3% on Wednesday . The company traded as high as $10.40 and last traded at $10.35. 2,869 shares changed hands during mid-day trading, an increase of 78% from the average session volume of 1,611 shares. The stock had previously closed at $10.32.

MedTech Acquisition Price Performance

The business’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $10.15.

Hedge Funds Weigh In On MedTech Acquisition

A number of hedge funds have recently modified their holdings of MTAC. First Trust Capital Management L.P. lifted its holdings in shares of MedTech Acquisition by 937.2% during the third quarter. First Trust Capital Management L.P. now owns 713,532 shares of the company’s stock worth $7,085,000 after purchasing an additional 644,740 shares during the period. Verition Fund Management LLC lifted its holdings in shares of MedTech Acquisition by 1,265.8% during the first quarter. Verition Fund Management LLC now owns 577,382 shares of the company’s stock worth $5,658,000 after purchasing an additional 535,109 shares during the period. Jane Street Group LLC lifted its holdings in shares of MedTech Acquisition by 387.1% during the first quarter. Jane Street Group LLC now owns 436,790 shares of the company’s stock worth $4,280,000 after purchasing an additional 347,119 shares during the period. Nomura Holdings Inc. lifted its holdings in shares of MedTech Acquisition by 284.8% during the first quarter. Nomura Holdings Inc. now owns 401,757 shares of the company’s stock worth $3,936,000 after purchasing an additional 297,357 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in MedTech Acquisition by 188.3% in the first quarter. Goldman Sachs Group Inc. now owns 390,859 shares of the company’s stock valued at $3,830,000 after buying an additional 255,279 shares during the period. Institutional investors and hedge funds own 74.91% of the company’s stock.

About MedTech Acquisition

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MedTech 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 healthcare sector in the United States.. The company was incorporated in 2020 and is based in Greenwich, Connecticut.