Periscope Capital Inc. trimmed its position in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company's stock after selling 49,800 shares during the quarter. Melar Acquisition Corp. I makes up 1.2% of Periscope Capital Inc.'s holdings, making the stock its 25th biggest holding. Periscope Capital Inc. owned approximately 0.99% of Melar Acquisition Corp. I worth $2,028,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in MACI. Tidal Investments LLC acquired a new stake in Melar Acquisition Corp. I in the third quarter valued at $209,000. ATW Spac Management LLC bought a new stake in shares of Melar Acquisition Corp. I in the 3rd quarter valued at about $1,059,000. Virtu Financial LLC acquired a new stake in shares of Melar Acquisition Corp. I in the third quarter valued at about $1,227,000. Berkley W R Corp bought a new position in shares of Melar Acquisition Corp. I during the third quarter worth about $1,991,000. Finally, Rivernorth Capital Management LLC acquired a new position in shares of Melar Acquisition Corp. I in the third quarter worth approximately $2,912,000.
Melar Acquisition Corp. I Stock Performance
MACI stock traded up $0.07 during trading on Friday, hitting $10.31. The company had a trading volume of 27,639 shares, compared to its average volume of 71,432. Melar Acquisition Corp. I has a one year low of $9.95 and a one year high of $11.28. The business has a 50-day moving average of $10.17 and a 200-day moving average of $10.08.
Melar Acquisition Corp. I Company Profile
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Free Report)
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.
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