Kairos Acquisition Corp. (NASDAQ:KAIR) was down 0.5% on Thursday . The company traded as low as $9.73 and last traded at $9.76. Approximately 2,074 shares changed hands during trading, a decline of 97% from the average daily volume of 81,734 shares. The stock had previously closed at $9.81.
The company’s 50 day moving average is $9.78.
A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC purchased a new position in shares of Kairos Acquisition during the 1st quarter worth $121,000. Serengeti Asset Management LP bought a new stake in Kairos Acquisition in the 1st quarter valued at $975,000. HighTower Advisors LLC bought a new stake in shares of Kairos Acquisition in the 1st quarter worth about $1,349,000. Basso Capital Management L.P. bought a new stake in shares of Kairos Acquisition in the 1st quarter worth about $2,229,000. Finally, Knott David M purchased a new position in shares of Kairos Acquisition during the 1st quarter worth about $2,546,000.
Kairos Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock or share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. The company intends to focus on the regulated insurance or reinsurance companies, distributors or technology, and insurance service providers that focus on specialty lines of business.
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