Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 10,100 shares, a decrease of 12.2% from the May 31st total of 11,500 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 30,900 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On Blockchain Coinvestors Acquisition Corp. I
Hedge funds have recently added to or reduced their stakes in the stock. Tuttle Capital Management LLC bought a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the first quarter worth $222,000. Virtu Financial LLC acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter valued at approximately $233,000. Mizuho Securities USA LLC acquired a new position in shares of Blockchain Coinvestors Acquisition Corp. I in the 4th quarter valued at approximately $558,000. K2 Principal Fund L.P. bought a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth approximately $1,131,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Blockchain Coinvestors Acquisition Corp. I during the 4th quarter worth approximately $1,339,000. Institutional investors own 14.47% of the company’s stock.
Blockchain Coinvestors Acquisition Corp. I Price Performance
BCSA opened at $11.18 on Monday. The stock has a fifty day moving average of $11.17 and a 200-day moving average of $11.05. Blockchain Coinvestors Acquisition Corp. I has a fifty-two week low of $10.65 and a fifty-two week high of $11.88.
About Blockchain Coinvestors Acquisition Corp. I
Blockchain Coinvestors Acquisition Corp. I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the financial services, technology, and other sectors of the economy that are being enabled by emerging applications of blockchain.
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