Cowen AND Company LLC Takes $3.59 Million Position in IB Acquisition Corp. (NASDAQ:IBAC)

Cowen AND Company LLC purchased a new position in IB Acquisition Corp. (NASDAQ:IBAC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 360,382 shares of the company's stock, valued at approximately $3,593,000. Cowen AND Company LLC owned about 2.62% of IB Acquisition as of its most recent filing with the Securities and Exchange Commission.

IB Acquisition Stock Performance

Shares of NASDAQ IBAC traded up $0.02 during midday trading on Monday, hitting $10.04. The company's stock had a trading volume of 7,803 shares, compared to its average volume of 96,089. IB Acquisition Corp. has a 1-year low of $9.93 and a 1-year high of $10.12. The business has a fifty day simple moving average of $10.00.

IB Acquisition Profile

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.