AQR Arbitrage LLC trimmed its holdings in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,083,179 shares of the company's stock after selling 70,005 shares during the period. AQR Arbitrage LLC owned about 5.34% of Melar Acquisition Corp. I worth $10,918,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MACI. Tidal Investments LLC purchased a new position in shares of Melar Acquisition Corp. I during the 3rd quarter valued at about $209,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Melar Acquisition Corp. I in the fourth quarter worth approximately $507,000. Virtu Financial LLC bought a new position in shares of Melar Acquisition Corp. I in the 3rd quarter worth approximately $1,227,000. Wolverine Asset Management LLC increased its position in Melar Acquisition Corp. I by 216.1% in the fourth quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company's stock worth $3,291,000 after buying an additional 223,672 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Melar Acquisition Corp. I during the 3rd quarter valued at $2,998,000.
Melar Acquisition Corp. I Stock Performance
Shares of MACI stock remained flat at $10.30 during trading hours on Friday. The stock had a trading volume of 494 shares, compared to its average volume of 69,614. The business has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $10.14. Melar Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $10.35.
About Melar Acquisition Corp. I
(
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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