Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Shares Up 0.3% - What's Next?

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA - Get Free Report)'s share price was up 0.3% during trading on Monday . The company traded as high as $11.60 and last traded at $11.58. Approximately 4,200 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 20,633 shares. The stock had previously closed at $11.55.

Blockchain Coinvestors Acquisition Corp. I Price Performance

The company has a 50-day moving average price of $11.46 and a two-hundred day moving average price of $11.28.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Berkley W R Corp grew its stake in Blockchain Coinvestors Acquisition Corp. I by 142.4% during the first quarter. Berkley W R Corp now owns 297,222 shares of the company's stock valued at $3,296,000 after acquiring an additional 174,598 shares in the last quarter. Quarry LP purchased a new position in shares of Blockchain Coinvestors Acquisition Corp. I during the 2nd quarter valued at $833,000. Finally, Clear Street LLC grew its position in shares of Blockchain Coinvestors Acquisition Corp. I by 69.2% during the 2nd quarter. Clear Street LLC now owns 54,999 shares of the company's stock valued at $615,000 after purchasing an additional 22,492 shares in the last quarter. Hedge funds and other institutional investors own 14.47% of the company's stock.

Blockchain Coinvestors Acquisition Corp. I Company Profile

Blockchain Coinvestors Acquisition Corp. I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the financial services, technology, and other sectors of the economy that are being enabled by emerging applications of blockchain.