Investcorp India Acquisition Corp (NASDAQ:IVCA - Get Free Report)'s stock price was down 4.5% during mid-day trading on Thursday . The company traded as low as $11.92 and last traded at $11.55. Approximately 5,884 shares changed hands during trading, a decline of 84% from the average daily volume of 36,819 shares. The stock had previously closed at $12.09.
Investcorp India Acquisition Trading Down 4.5%
The stock's 50-day simple moving average is $11.99 and its 200-day simple moving average is $11.88.
Institutional Trading of Investcorp India Acquisition
An institutional investor recently raised its position in Investcorp India Acquisition stock. Mizuho Securities USA LLC increased its position in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA - Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 408,327 shares of the company's stock after acquiring an additional 4,805 shares during the period. Mizuho Securities USA LLC owned about 5.14% of Investcorp India Acquisition worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 55.98% of the company's stock.
Investcorp India Acquisition Company Profile
(
Get Free Report)
Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.
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