Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Shares Sold by Cowen AND Company LLC

Cowen AND Company LLC reduced its stake in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Free Report) by 46.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,900 shares of the company's stock after selling 301,184 shares during the period. Cowen AND Company LLC owned approximately 2.89% of Alchemy Investments Acquisition Corp 1 worth $3,751,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Robinson Capital Management LLC raised its holdings in shares of Alchemy Investments Acquisition Corp 1 by 594.6% during the 4th quarter. Robinson Capital Management LLC now owns 13,892 shares of the company's stock valued at $145,000 after buying an additional 11,892 shares during the period. Condor Capital Management acquired a new position in shares of Alchemy Investments Acquisition Corp 1 during the fourth quarter worth $171,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Alchemy Investments Acquisition Corp 1 in the fourth quarter valued at $251,000. Capstone Investment Advisors LLC acquired a new stake in Alchemy Investments Acquisition Corp 1 during the 4th quarter valued at $261,000. Finally, Virtu Financial LLC acquired a new stake in Alchemy Investments Acquisition Corp 1 during the 1st quarter valued at $368,000. 92.46% of the stock is owned by hedge funds and other institutional investors.

Alchemy Investments Acquisition Corp 1 Price Performance

ALCY traded up $0.01 during trading hours on Monday, reaching $10.86. 2,085 shares of the stock traded hands, compared to its average volume of 47,995. The firm's fifty day simple moving average is $10.79 and its two-hundred day simple moving average is $10.69. Alchemy Investments Acquisition Corp 1 has a fifty-two week low of $10.31 and a fifty-two week high of $11.85.

Alchemy Investments Acquisition Corp 1 Profile

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.