Highbridge Capital Management LLC acquired a new position in MCAP Acquisition Co. (NASDAQ:MACQU) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,183,614 shares of the company’s stock, valued at approximately $11,777,000.
Several other hedge funds have also modified their holdings of MACQU. Deltec Asset Management LLC purchased a new stake in MCAP Acquisition during the first quarter valued at about $497,000. Ampfield Management L.P. purchased a new stake in MCAP Acquisition during the first quarter valued at about $836,000. Harbor Advisors LLC purchased a new position in shares of MCAP Acquisition in the first quarter worth about $100,000. Cowen AND Company LLC purchased a new position in shares of MCAP Acquisition in the first quarter worth about $1,990,000. Finally, Alliancebernstein L.P. purchased a new position in shares of MCAP Acquisition in the first quarter worth about $4,267,000.
Shares of MACQU traded up $0.02 during trading hours on Friday, hitting $9.97. The company had a trading volume of 200 shares, compared to its average volume of 166,848. The company’s 50 day moving average is $9.96. MCAP Acquisition Co. has a 52-week low of $9.77 and a 52-week high of $10.11.
MCAP Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 2020 and is based in Chicago, Illinois.
Further Reading: Exchange-Traded Funds (ETFs)
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