Gabelli Funds LLC Buys New Stake in Eureka Acquisition Corp. $EURK

Key Points

• Gabelli Funds LLC made a new investment in Eureka Acquisition Corp. by acquiring 72,300 shares valued at approximately $743,000, representing about 0.95% ownership in the company.
• Several hedge funds, including Mizuho Securities USA LLC and Toronto Dominion Bank, have also recently purchased shares of Eureka Acquisition Corp., indicating growing interest among institutional investors.
• Eureka Acquisition Corp.'s stock opened at $10.68, with a 1-year trading range between $10.02 and $10.83, reflecting a 0.3% increase on the reporting day.

Gabelli Funds LLC acquired a new stake in Eureka Acquisition Corp. (NASDAQ:EURK - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 72,300 shares of the company's stock, valued at approximately $743,000. Gabelli Funds LLC owned 0.95% of Eureka Acquisition as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. increased its stake in shares of Eureka Acquisition by 23.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 247,500 shares of the company's stock worth $2,512,000 after acquiring an additional 47,500 shares during the last quarter. Bulldog Investors LLP acquired a new position in Eureka Acquisition in the 4th quarter worth about $1,026,000. Mizuho Securities USA LLC increased its position in Eureka Acquisition by 36.1% in the 1st quarter. Mizuho Securities USA LLC now owns 523,100 shares of the company's stock worth $5,346,000 after purchasing an additional 138,622 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of Eureka Acquisition during the 4th quarter worth about $2,638,000.

Eureka Acquisition Stock Up 0.3%

Shares of Eureka Acquisition stock traded up $0.04 during trading on Thursday, hitting $10.69. 245 shares of the stock traded hands, compared to its average volume of 894. The company has a fifty day moving average price of $10.62 and a two-hundred day moving average price of $10.43. Eureka Acquisition Corp. has a twelve month low of $10.02 and a twelve month high of $10.83.

About Eureka Acquisition

Eureka Acquisition Corp focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Grand Cayman, the Cayman Islands.