Melar Acquisition Corp. I (NASDAQ:MACI - Get Free Report) traded up 0.1% during trading on Friday . The company traded as high as $10.16 and last traded at $10.11. 65,572 shares were traded during trading, an increase of 63% from the average session volume of 40,143 shares. The stock had previously closed at $10.10.
Melar Acquisition Corp. I Stock Performance
The firm's 50-day moving average is $10.07.
Hedge Funds Weigh In On Melar Acquisition Corp. I
Institutional investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC acquired a new stake in shares of Melar Acquisition Corp. I in the third quarter worth approximately $2,998,000. Tidal Investments LLC purchased a new stake in shares of Melar Acquisition Corp. I during the 3rd quarter valued at $209,000. Virtu Financial LLC acquired a new stake in shares of Melar Acquisition Corp. I during the 3rd quarter worth $1,227,000. Polar Asset Management Partners Inc. purchased a new position in shares of Melar Acquisition Corp. I in the 3rd quarter worth $14,843,000. Finally, Berkley W R Corp acquired a new position in Melar Acquisition Corp. I in the third quarter valued at $1,991,000.
Melar Acquisition Corp. I Company Profile
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Melar Acquisition Corp. I is a blank check company. It 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. Melar Acquisition Corp. I is based in NEW YORK.
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