K2 Principal Fund L.P. Invests $1.02 Million in Blue Ocean Acquisition Corp. (NASDAQ:BOCN)

K2 Principal Fund L.P. purchased a new stake in Blue Ocean Acquisition Corp. (NASDAQ:BOCN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 90,000 shares of the company's stock, valued at approximately $1,020,000. K2 Principal Fund L.P. owned approximately 1.37% of Blue Ocean Acquisition as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC increased its position in shares of Blue Ocean Acquisition by 1,183.9% in the second quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company's stock valued at $2,072,000 after buying an additional 171,197 shares in the last quarter.

Blue Ocean Acquisition Trading Up 1.9 %

Shares of BOCN stock traded up $0.20 during trading hours on Friday, hitting $10.72. 16,589 shares of the company's stock were exchanged, compared to its average volume of 12,065. Blue Ocean Acquisition Corp. has a fifty-two week low of $10.00 and a fifty-two week high of $13.75. The firm has a 50 day moving average of $11.51 and a two-hundred day moving average of $11.34.

Blue Ocean Acquisition Profile

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.