Short Interest in Kensington Capital Acquisition Corp. V (NYSE:KCGI) Drops By 92.3%

Kensington Capital Acquisition Corp. V (NYSE:KCGI) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 200 shares, a decline of 92.3% from the May 31st total of 2,600 shares. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is presently 0.0 days.

Kensington Capital Acquisition Corp. V Stock Performance

NYSE:KCGI remained flat at $11.09 during midday trading on Thursday. 1 shares of the company traded hands, compared to its average volume of 28,376. The stock has a 50-day simple moving average of $11.01 and a two-hundred day simple moving average of $10.85. Kensington Capital Acquisition Corp. V has a one year low of $10.47 and a one year high of $11.10.

Hedge Funds Weigh In On Kensington Capital Acquisition Corp. V

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in shares of Kensington Capital Acquisition Corp. V in the 4th quarter valued at $1,096,000. Robinson Capital Management LLC boosted its position in Kensington Capital Acquisition Corp. V by 29.3% during the fourth quarter. Robinson Capital Management LLC now owns 67,608 shares of the company’s stock valued at $723,000 after buying an additional 15,308 shares during the period. Kim LLC purchased a new stake in Kensington Capital Acquisition Corp. V during the fourth quarter valued at about $2,037,000. Karpus Management Inc. bought a new position in shares of Kensington Capital Acquisition Corp. V during the first quarter valued at about $421,000. Finally, Berkley W R Corp increased its holdings in shares of Kensington Capital Acquisition Corp. V by 64.1% in the first quarter. Berkley W R Corp now owns 350,773 shares of the company’s stock worth $3,802,000 after buying an additional 137,055 shares during the period.

About Kensington Capital Acquisition Corp. V

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Kensington Capital Acquisition Corp. V was incorporated in 2021 and is based in Westbury, New York.