JVSPAC Acquisition (NASDAQ:JVSA) Trading 0.3% Higher - Here's Why

JVSPAC Acquisition Corp. (NASDAQ:JVSA - Get Free Report) shares were up 0.3% during mid-day trading on Wednesday . The stock traded as high as $10.37 and last traded at $10.37. Approximately 6,145 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 39,038 shares. The stock had previously closed at $10.34.

JVSPAC Acquisition Price Performance

The firm has a 50-day moving average price of $10.29 and a 200-day moving average price of $10.20.

Hedge Funds Weigh In On JVSPAC Acquisition

Large investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of JVSPAC Acquisition in the 1st quarter worth about $143,000. TrueMark Investments LLC bought a new stake in JVSPAC Acquisition in the 2nd quarter worth about $144,000. Robinson Capital Management LLC bought a new stake in JVSPAC Acquisition in the 1st quarter worth about $353,000. Shaolin Capital Management LLC bought a new stake in JVSPAC Acquisition in the 1st quarter worth about $1,005,000. Finally, Periscope Capital Inc. bought a new stake in JVSPAC Acquisition in the 1st quarter worth about $1,006,000.

JVSPAC Acquisition Company Profile

JVSPAC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Wan Chai, Hong Kong.