Cayson Acquisition (NASDAQ:CAPN) Trading 2.4% Higher – Here’s What Happened

Shares of Cayson Acquisition Corp (NASDAQ:CAPN) shot up 2.4% during mid-day trading on Thursday . The stock traded as high as $11.01 and last traded at $11.0350. 2,429 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 2,547 shares. The stock had previously closed at $10.78.

Cayson Acquisition Trading Up 2.4%

The stock has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average of $10.77.

Cayson Acquisition (NASDAQ:CAPN) last announced its earnings results on Friday, May 15th. The company reported $0.03 EPS for the quarter.

Hedge Funds Weigh In On Cayson Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the business. Clear Street Group Inc. grew its holdings in Cayson Acquisition by 7.6% in the fourth quarter. Clear Street Group Inc. now owns 107,793 shares of the company’s stock worth $1,147,000 after purchasing an additional 7,601 shares during the period. Crossingbridge Advisors LLC acquired a new position in shares of Cayson Acquisition during the fourth quarter valued at about $92,000. Quarry LP acquired a new position in shares of Cayson Acquisition during the third quarter valued at about $152,000. Warberg Asset Management LLC bought a new position in shares of Cayson Acquisition during the 3rd quarter worth about $180,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Cayson Acquisition during the 2nd quarter worth about $280,000.

Cayson Acquisition Company Profile

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.