Virtu Financial LLC Sells 50,940 Shares of Melar Acquisition Corp. I $MACI

Key Points

• Virtu Financial LLC reduced its stake in Melar Acquisition Corp. I by 51.7%, owning 47,620 shares valued at approximately $487,000 after selling 50,940 shares in Q1.
• Several institutional investors, including Bulldog Investors LLP and D. E. Shaw & Co. Inc., have recently acquired or increased their positions in Melar Acquisition Corp. I, indicating renewed interest in the stock.
• The current share price of Melar Acquisition Corp. I is $10.52, with a 52-week range from $9.95 to $10.83.

Virtu Financial LLC reduced its position in shares of Melar Acquisition Corp. I (NASDAQ:MACI - Free Report) by 51.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,620 shares of the company's stock after selling 50,940 shares during the quarter. Virtu Financial LLC owned about 0.23% of Melar Acquisition Corp. I worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MACI. Toronto Dominion Bank acquired a new position in shares of Melar Acquisition Corp. I during the 4th quarter worth about $152,000. Schonfeld Strategic Advisors LLC bought a new position in Melar Acquisition Corp. I during the 4th quarter worth approximately $507,000. Mizuho Securities USA LLC grew its holdings in Melar Acquisition Corp. I by 273.2% during the first quarter. Mizuho Securities USA LLC now owns 126,753 shares of the company's stock valued at $1,293,000 after purchasing an additional 92,793 shares during the period. Bulldog Investors LLP bought a new stake in Melar Acquisition Corp. I in the fourth quarter valued at approximately $1,512,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Melar Acquisition Corp. I in the fourth quarter worth $3,270,000.

Melar Acquisition Corp. I Stock Performance

MACI stock traded up $0.02 during midday trading on Monday, hitting $10.49. 192 shares of the company's stock were exchanged, compared to its average volume of 81,931. Melar Acquisition Corp. I has a one year low of $9.95 and a one year high of $10.83. The stock's fifty day moving average price is $10.50 and its 200-day moving average price is $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.