Westchester Capital Management LLC raised its holdings in shares of SIM Acquisition Corp. I (NASDAQ:SIMA - Free Report) by 225.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 650,000 shares of the company's stock after buying an additional 450,000 shares during the period. Westchester Capital Management LLC owned about 2.12% of SIM Acquisition Corp. I worth $6,526,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SIMA. Wolverine Asset Management LLC purchased a new stake in shares of SIM Acquisition Corp. I in the fourth quarter worth $6,209,000. Robinson Capital Management LLC increased its stake in shares of SIM Acquisition Corp. I by 31,208.0% in the fourth quarter. Robinson Capital Management LLC now owns 31,308 shares of the company's stock worth $314,000 after purchasing an additional 31,208 shares in the last quarter. Periscope Capital Inc. purchased a new stake in shares of SIM Acquisition Corp. I in the fourth quarter worth $2,510,000. Jane Street Group LLC purchased a new stake in shares of SIM Acquisition Corp. I in the third quarter worth $126,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of SIM Acquisition Corp. I in the fourth quarter worth $14,056,000.
SIM Acquisition Corp. I Stock Performance
Shares of NASDAQ SIMA traded up $0.02 during midday trading on Wednesday, reaching $10.27. The stock had a trading volume of 5,939 shares, compared to its average volume of 105,528. The stock has a 50-day moving average of $10.20 and a 200-day moving average of $10.09. SIM Acquisition Corp. I has a 12-month low of $9.95 and a 12-month high of $10.33.
About SIM Acquisition Corp. I
(
Free Report)
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.
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