Clear Street LLC Sells 53,182 Shares of ExcelFin Acquisition Corp. (NASDAQ:XFIN)

Clear Street LLC cut its holdings in shares of ExcelFin Acquisition Corp. (NASDAQ:XFIN - Free Report) by 64.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,818 shares of the company's stock after selling 53,182 shares during the quarter. Clear Street LLC owned about 0.41% of ExcelFin Acquisition worth $329,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Cowen AND Company LLC acquired a new position in shares of ExcelFin Acquisition during the second quarter worth approximately $111,000. K2 Principal Fund L.P. grew its position in ExcelFin Acquisition by 63.1% in the first quarter. K2 Principal Fund L.P. now owns 83,988 shares of the company's stock valued at $918,000 after acquiring an additional 32,500 shares during the period. Finally, Berkley W R Corp bought a new stake in ExcelFin Acquisition in the first quarter valued at $1,801,000. 19.78% of the stock is currently owned by institutional investors and hedge funds.

ExcelFin Acquisition Stock Performance

NASDAQ:XFIN traded down $0.12 during trading hours on Thursday, reaching $10.98. The company had a trading volume of 835 shares, compared to its average volume of 14,899. The stock has a 50-day moving average of $11.04 and a two-hundred day moving average of $11.01. ExcelFin Acquisition Corp. has a one year low of $10.56 and a one year high of $11.11.

ExcelFin Acquisition Company Profile

ExcelFin Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Mill, South Carolina.