DP Cap Acquisition Corp I (NASDAQ:DPCS) Stock Price Up 0.7% - What's Next?

DP Cap Acquisition Corp I (NASDAQ:DPCS - Get Free Report) traded up 0.7% during trading on Tuesday . The stock traded as high as $11.53 and last traded at $11.53. 1,600 shares were traded during trading, a decline of 92% from the average session volume of 19,692 shares. The stock had previously closed at $11.45.

DP Cap Acquisition Corp I Price Performance

The company's 50-day moving average is $11.40 and its two-hundred day moving average is $11.27.

Institutional Investors Weigh In On DP Cap Acquisition Corp I

A number of large investors have recently added to or reduced their stakes in the company. K2 Principal Fund L.P. purchased a new position in shares of DP Cap Acquisition Corp I during the first quarter worth approximately $1,060,000. Cowen AND Company LLC purchased a new position in DP Cap Acquisition Corp I in the 2nd quarter worth $645,000. Finally, Berkley W R Corp lifted its stake in DP Cap Acquisition Corp I by 12.4% in the second quarter. Berkley W R Corp now owns 224,166 shares of the company's stock worth $2,513,000 after purchasing an additional 24,810 shares during the last quarter. Hedge funds and other institutional investors own 40.45% of the company's stock.

About DP Cap Acquisition Corp I

DP Cap Acquisition Corp I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire companies in the tech-enabled consumer and technology sectors.