XTI Aerospace (NASDAQ:XTIA) Stock Crosses Below 200-Day Moving Average of $5.34

XTI Aerospace, Inc. (NASDAQ:XTIA)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.34 and traded as low as $2.53. XTI Aerospace shares last traded at $2.55, with a volume of 103,427 shares traded.

XTI Aerospace Stock Performance

The firm has a 50-day simple moving average of $3.16 and a 200 day simple moving average of $5.34.

Institutional Trading of XTI Aerospace

An institutional investor recently bought a new position in XTI Aerospace stock. Ursa Fund Management LLC acquired a new stake in XTI Aerospace, Inc. (NASDAQ:XTIA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,097,944 shares of the technology company’s stock, valued at approximately $62,000. XTI Aerospace accounts for 0.1% of Ursa Fund Management LLC’s investment portfolio, making the stock its 19th biggest position. Ursa Fund Management LLC owned about 1.52% of XTI Aerospace as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.70% of the company’s stock.

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.