AQR Arbitrage LLC lowered its position in Rising Dragon Acquisition Corp. (NASDAQ:RDAC - Free Report) by 19.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 351,804 shares of the company's stock after selling 83,578 shares during the period. AQR Arbitrage LLC owned approximately 4.69% of Rising Dragon Acquisition worth $3,585,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of RDAC. Mizuho Securities USA LLC boosted its holdings in shares of Rising Dragon Acquisition by 0.4% in the 1st quarter. Mizuho Securities USA LLC now owns 580,088 shares of the company's stock valued at $5,870,000 after acquiring an additional 2,128 shares during the last quarter. Wolverine Asset Management LLC raised its position in Rising Dragon Acquisition by 12.7% during the first quarter. Wolverine Asset Management LLC now owns 174,726 shares of the company's stock worth $1,780,000 after acquiring an additional 19,726 shares during the period. Two Sigma Investments LP acquired a new position in Rising Dragon Acquisition during the fourth quarter worth $1,252,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Rising Dragon Acquisition during the fourth quarter worth $2,737,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Rising Dragon Acquisition during the fourth quarter worth $3,769,000.
Rising Dragon Acquisition Stock Performance
Shares of RDAC remained flat at $10.38 during mid-day trading on Monday. 36 shares of the company were exchanged, compared to its average volume of 338. The company has a 50-day moving average of $10.34 and a two-hundred day moving average of $10.26. Rising Dragon Acquisition Corp. has a 12-month low of $9.99 and a 12-month high of $10.40.
Rising Dragon Acquisition Company Profile
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Free Report)
Rising Dragon Acquisition Corp. is a blank check company. It was formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was founded on March 8, 2024 and is headquartered in Taiyuan, China.
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