Westchester Capital Management LLC Acquires 475,000 Shares of SIM Acquisition Corp. I $SIMA

Key Points

• Westchester Capital Management LLC increased its stake in SIM Acquisition Corp. I by 73.1%, acquiring an additional 475,000 shares during the first quarter, bringing their total to 1,125,000 shares worth approximately $11.5 million.
• Several other investors, including Boothbay Fund Management LLC and Schonfeld Strategic Advisors LLC, have also taken new positions in SIM Acquisition Corp. I, indicating growing interest from institutional investors.
• SIM Acquisition Corp. I is a blank check company focused on mergers and acquisitions in the healthcare industry, currently trading at about $10.45 per share.

Westchester Capital Management LLC grew its holdings in shares of SIM Acquisition Corp. I (NASDAQ:SIMA - Free Report) by 73.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,125,000 shares of the company's stock after acquiring an additional 475,000 shares during the quarter. Westchester Capital Management LLC owned 3.67% of SIM Acquisition Corp. I worth $11,531,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SIMA. D. E. Shaw & Co. Inc. boosted its holdings in shares of SIM Acquisition Corp. I by 7.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 987,497 shares of the company's stock valued at $9,914,000 after buying an additional 70,000 shares in the last quarter. LMR Partners LLP purchased a new position in SIM Acquisition Corp. I in the 4th quarter worth about $9,839,000. Wolverine Asset Management LLC increased its position in shares of SIM Acquisition Corp. I by 14.2% during the 1st quarter. Wolverine Asset Management LLC now owns 706,302 shares of the company's stock valued at $7,218,000 after purchasing an additional 87,845 shares during the last quarter. Whitebox Advisors LLC purchased a new stake in shares of SIM Acquisition Corp. I during the 4th quarter valued at about $5,020,000. Finally, Toronto Dominion Bank purchased a new stake in SIM Acquisition Corp. I in the 4th quarter worth approximately $1,719,000.

SIM Acquisition Corp. I Trading Down 0.1%

SIM Acquisition Corp. I stock traded down $0.01 during midday trading on Friday, hitting $10.43. The stock had a trading volume of 150,000 shares, compared to its average volume of 70,839. SIM Acquisition Corp. I has a 52-week low of $9.95 and a 52-week high of $10.47. The firm's fifty day moving average is $10.43 and its two-hundred day moving average is $10.32.

SIM Acquisition Corp. I Company Profile

SIM 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. The company primary focus on the healthcare industry. SIM Acquisition Corp.