Melar Acquisition Corp. I (NASDAQ:MACI) Trading Up 0.1% - Here's What Happened

Melar Acquisition Corp. I (NASDAQ:MACI - Get Free Report) shares were up 0.1% during mid-day trading on Friday . The company traded as high as $10.16 and last traded at $10.11. Approximately 65,572 shares changed hands during trading, an increase of 63% from the average daily volume of 40,143 shares. The stock had previously closed at $10.10.

Melar Acquisition Corp. I Trading Up 0.1 %

The company has a 50-day simple moving average of $10.07.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MACI. Polar Asset Management Partners Inc. bought a new stake in shares of Melar Acquisition Corp. I in the 3rd quarter worth about $14,843,000. Glazer Capital LLC bought a new position in Melar Acquisition Corp. I during the 3rd quarter worth approximately $3,748,000. Rivernorth Capital Management LLC bought a new position in Melar Acquisition Corp. I during the 3rd quarter worth approximately $2,998,000. Periscope Capital Inc. bought a new stake in shares of Melar Acquisition Corp. I in the 3rd quarter valued at approximately $2,497,000. Finally, Berkley W R Corp acquired a new stake in shares of Melar Acquisition Corp. I during the 3rd quarter valued at approximately $1,991,000.

Melar Acquisition Corp. I Company Profile

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.