Spark I Acquisition Co. (NASDAQ:SPKL - Get Free Report) dropped 0.3% during trading on Wednesday . The stock traded as low as $10.77 and last traded at $10.79. Approximately 58,940 shares traded hands during trading, an increase of 104% from the average daily volume of 28,961 shares. The stock had previously closed at $10.82.
Spark I Acquisition Stock Up 0.1 %
The stock's fifty day moving average price is $10.77 and its 200-day moving average price is $10.66.
Hedge Funds Weigh In On Spark I Acquisition
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPKL. Toronto Dominion Bank bought a new stake in Spark I Acquisition during the 4th quarter worth approximately $5,320,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Spark I Acquisition by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 175,145 shares of the company's stock worth $1,864,000 after purchasing an additional 18,952 shares in the last quarter. Bulldog Investors LLP increased its position in shares of Spark I Acquisition by 46.6% during the fourth quarter. Bulldog Investors LLP now owns 149,734 shares of the company's stock worth $1,593,000 after acquiring an additional 47,616 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of Spark I Acquisition in the fourth quarter worth approximately $1,616,000. Finally, Wolverine Asset Management LLC raised its position in Spark I Acquisition by 19.5% in the 4th quarter. Wolverine Asset Management LLC now owns 475,875 shares of the company's stock valued at $5,063,000 after buying an additional 77,581 shares during the last quarter. 34.90% of the stock is owned by institutional investors and hedge funds.
About Spark I Acquisition
(
Get Free Report)
Spark I Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses or assets. The company was incorporated in 2021 and is based in Palo Alto, California.
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