Dynamix Corp III (NASDAQ:DNMXU) Stock Price Up 0.1% – Time to Buy?

Dynamix Corp III (NASDAQ:DNMXU)’s share price was up 0.1% on Wednesday . The stock traded as high as $10.15 and last traded at $10.16. Approximately 3,700 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 11,205 shares. The stock had previously closed at $10.15.

Dynamix Corp III Price Performance

The company’s 50-day moving average is $10.12.

Hedge Funds Weigh In On Dynamix Corp III

Several hedge funds and other institutional investors have recently made changes to their positions in DNMXU. OMERS ADMINISTRATION Corp increased its position in shares of Dynamix Corp III by 2,026.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 335,207 shares of the company’s stock worth $3,379,000 after purchasing an additional 319,440 shares in the last quarter. Lineage Point Capital LP acquired a new stake in Dynamix Corp III during the 4th quarter worth $100,000. Alberta Investment Management Corp acquired a new stake in Dynamix Corp III during the 4th quarter worth $3,518,000. Toronto Dominion Bank purchased a new stake in shares of Dynamix Corp III during the fourth quarter worth $2,764,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Dynamix Corp III during the fourth quarter worth $2,010,000.

About Dynamix Corp III

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.