Shares of Spirit MTA REIT (NYSE:SMTA) saw unusually-strong trading volume on Wednesday . Approximately 1,364,910 shares traded hands during mid-day trading, an increase of 331% from the previous session’s volume of 316,567 shares.The stock last traded at $8.54 and had previously closed at $8.50.
The business’s 50-day moving average price is $8.46 and its 200 day moving average price is $7.68.
Several hedge funds have recently added to or reduced their stakes in the company. Wolverine Trading LLC bought a new stake in shares of Spirit MTA REIT during the 2nd quarter valued at $106,000. Indaba Capital Management L.P. raised its position in Spirit MTA REIT by 1.2% in the 2nd quarter. Indaba Capital Management L.P. now owns 3,470,415 shares of the company’s stock worth $28,943,000 after buying an additional 42,690 shares during the last quarter. Cowen Inc. purchased a new position in Spirit MTA REIT in the 2nd quarter worth about $944,000. Susquehanna International Group LLP purchased a new position in Spirit MTA REIT in the 2nd quarter worth about $144,000. Finally, Nuveen Asset Management LLC purchased a new position in Spirit MTA REIT in the 2nd quarter worth about $2,777,000. Institutional investors own 76.88% of the company’s stock.
Spirit MTA REIT (NYSE: SMTA) is a net-lease REIT headquartered in Dallas, Texas. SMTA owns one of the largest, most diversified and seasoned commercial real estate backed master funding vehicles. SMTA is managed by Spirit Realty, L.P., a wholly-owned subsidiary of Spirit (NYSE: SRC), one of the largest publicly traded triple net-lease REITs.
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