AQR Arbitrage LLC Sells 33,184 Shares of Gigcapital7 Corp. (NASDAQ:GIG)

AQR Arbitrage LLC lessened its position in shares of Gigcapital7 Corp. (NASDAQ:GIG - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,887,486 shares of the company's stock after selling 33,184 shares during the period. AQR Arbitrage LLC owned 5.66% of Gigcapital7 worth $18,856,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Westchester Capital Management LLC bought a new stake in shares of Gigcapital7 during the 4th quarter valued at $9,580,000. Whitebox Advisors LLC purchased a new position in Gigcapital7 during the 4th quarter valued at about $7,600,000. Picton Mahoney Asset Management bought a new stake in shares of Gigcapital7 during the fourth quarter valued at about $7,175,000. Berkley W R Corp lifted its holdings in shares of Gigcapital7 by 46.0% in the fourth quarter. Berkley W R Corp now owns 397,066 shares of the company's stock worth $3,971,000 after buying an additional 125,108 shares in the last quarter. Finally, Mizuho Securities USA LLC bought a new position in shares of Gigcapital7 in the fourth quarter valued at approximately $3,372,000.

Gigcapital7 Trading Down 0.1 %

Gigcapital7 stock traded down $0.01 during midday trading on Monday, reaching $10.23. 688 shares of the stock were exchanged, compared to its average volume of 45,350. The firm has a fifty day simple moving average of $10.14. Gigcapital7 Corp. has a 52 week low of $9.89 and a 52 week high of $10.24.

About Gigcapital7

GigCapital7 Corp. is a blank check company or special purpose acquisition company. It was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Avishay S.