YHN Acquisition I (NASDAQ:YHNA) Trading 0.5% Higher - Should You Buy?

Key Points

• YHN Acquisition I stock experienced a 0.5% increase, closing at $10.50 with a significant trading volume of 344,900 shares, up 959% from its average daily volume.
• Institutional investors like Berkley W R Corp and Wolverine Asset Management LLC have increased their stakes in YHN Acquisition I, indicating growing confidence in the company.
• YHN Acquisition I Limited is a blank check company formed for the purpose of mergers and other business combinations, based in New York.

YHN Acquisition I Limited (NASDAQ:YHNA - )'s share price was up 0.5% on Thursday . The stock traded as high as $10.47 and last traded at $10.50. Approximately 344,900 shares traded hands during mid-day trading, an increase of 959% from the average daily volume of 32,570 shares. The stock had previously closed at $10.45.

YHN Acquisition I Price Performance

The firm's 50 day simple moving average is $10.44 and its two-hundred day simple moving average is $10.35.

Institutional Trading of YHN Acquisition I

Several hedge funds have recently added to or reduced their stakes in the business. Berkley W R Corp lifted its stake in YHN Acquisition I by 33.7% in the second quarter. Berkley W R Corp now owns 673,553 shares of the company's stock worth $6,962,000 after purchasing an additional 169,637 shares during the last quarter. Wolverine Asset Management LLC increased its position in shares of YHN Acquisition I by 33.1% in the second quarter. Wolverine Asset Management LLC now owns 244,978 shares of the company's stock valued at $2,532,000 after acquiring an additional 60,903 shares during the period. Finally, Mizuho Securities USA LLC increased its position in shares of YHN Acquisition I by 0.3% in the first quarter. Mizuho Securities USA LLC now owns 644,057 shares of the company's stock valued at $6,537,000 after acquiring an additional 1,661 shares during the period.

About YHN Acquisition I

YHN Acquisition I Limited is a blank check company. It formed for the purpose of merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. YHN Acquisition I Limited is based in New York.

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