Cayson Acquisition (NASDAQ:CAPN) Trading 0.4% Higher - Still a Buy?

Cayson Acquisition Corp (NASDAQ:CAPN - Get Free Report)'s share price traded up 0.4% during mid-day trading on Tuesday . The company traded as high as $10.32 and last traded at $10.32. 10,100 shares traded hands during trading, a decline of 13% from the average session volume of 11,654 shares. The stock had previously closed at $10.28.

Cayson Acquisition Stock Performance

The company's 50-day simple moving average is $10.25 and its 200 day simple moving average is $10.16.

Institutional Trading of Cayson Acquisition

Several hedge funds have recently made changes to their positions in CAPN. Mizuho Securities USA LLC increased its stake in Cayson Acquisition by 9.1% during the first quarter. Mizuho Securities USA LLC now owns 704,000 shares of the company's stock worth $7,110,000 after acquiring an additional 59,000 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Cayson Acquisition by 27.6% in the 1st quarter. Wolverine Asset Management LLC now owns 515,107 shares of the company's stock valued at $5,254,000 after purchasing an additional 111,392 shares during the last quarter. AQR Arbitrage LLC purchased a new position in shares of Cayson Acquisition in the 4th quarter worth approximately $3,615,000. Toronto Dominion Bank bought a new position in shares of Cayson Acquisition during the 4th quarter valued at approximately $3,475,000. Finally, Westchester Capital Management LLC purchased a new stake in Cayson Acquisition during the 1st quarter valued at $3,315,000.

Cayson Acquisition Company Profile

Cayson Acquisition Corp is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Cayson Acquisition Corp is based in NEW YORK.