AQR Arbitrage LLC Reduces Stock Position in Melar Acquisition Corp. I (NASDAQ:MACI)

AQR Arbitrage LLC lessened its stake in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,083,179 shares of the company's stock after selling 70,005 shares during the period. AQR Arbitrage LLC owned approximately 5.34% of Melar Acquisition Corp. I worth $10,918,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MACI. Tidal Investments LLC bought a new stake in Melar Acquisition Corp. I during the third quarter valued at approximately $209,000. Schonfeld Strategic Advisors LLC bought a new position in Melar Acquisition Corp. I in the 4th quarter worth $507,000. Virtu Financial LLC purchased a new position in shares of Melar Acquisition Corp. I in the third quarter valued at about $1,227,000. Rivernorth Capital Management LLC purchased a new stake in shares of Melar Acquisition Corp. I during the third quarter worth about $2,998,000. Finally, Wolverine Asset Management LLC lifted its holdings in Melar Acquisition Corp. I by 216.1% in the 4th quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company's stock worth $3,291,000 after purchasing an additional 223,672 shares in the last quarter.

Melar Acquisition Corp. I Price Performance

Shares of NASDAQ:MACI traded down $0.00 during midday trading on Tuesday, reaching $10.31. 401 shares of the company were exchanged, compared to its average volume of 69,119. The business's fifty day moving average is $10.26 and its two-hundred day moving average is $10.14. Melar Acquisition Corp. I has a one year low of $9.95 and a one year high of $10.35.

Melar Acquisition Corp. I Company Profile

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.