Shaolin Capital Management LLC lowered its stake in shares of Trinity Merger Corp. (NASDAQ:TMCX) by 25.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,000 shares of the company’s stock after selling 225,000 shares during the quarter. Shaolin Capital Management LLC owned about 1.88% of Trinity Merger worth $6,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Mizuho Securities USA LLC boosted its position in Trinity Merger by 150.0% during the second quarter. Mizuho Securities USA LLC now owns 815,000 shares of the company’s stock valued at $8,394,000 after purchasing an additional 489,000 shares in the last quarter. FNY Investment Advisers LLC raised its stake in Trinity Merger by 70,246.0% in the second quarter. FNY Investment Advisers LLC now owns 200,486 shares of the company’s stock valued at $2,065,000 after buying an additional 200,201 shares during the last quarter. Finally, FTB Advisors Inc. purchased a new stake in Trinity Merger in the second quarter valued at about $229,000. 76.34% of the stock is currently owned by institutional investors.

Trinity Merger stock traded down $0.01 during midday trading on Friday, reaching $10.40. The company’s stock had a trading volume of 800 shares, compared to its average volume of 355,658. The stock’s 50-day simple moving average is $10.37. Trinity Merger Corp. has a 52-week low of $9.71 and a 52-week high of $10.41.

In other Trinity Merger news, major shareholder Polar Asset Management Partner sold 540,000 shares of the stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $10.32, for a total value of $5,572,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Trinity Merger

Trinity Merger Corp. develops, owns, and manages various branded hotels in the United Kingdom. It also invests in various commercial and residential units. The company was founded in 2018 and is based in Honolulu, Hawaii.

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Institutional Ownership by Quarter for Trinity Merger (NASDAQ:TMCX)

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