Investcorp Europe Acquisition Corp I (NASDAQ:IVCB – Get Free Report)’s share price rose 2.7% on Wednesday . The stock traded as high as $12.09 and last traded at $12.08. Approximately 3,294,828 shares changed hands during trading, an increase of 3,138% from the average daily volume of 101,758 shares. The stock had previously closed at $11.76.
Investcorp Europe Acquisition Corp I Stock Up 2.7 %
The stock’s fifty day moving average price is $11.60 and its 200-day moving average price is $11.44.
Hedge Funds Weigh In On Investcorp Europe Acquisition Corp I
A number of hedge funds have recently bought and sold shares of IVCB. Fifth Lane Capital LP bought a new position in Investcorp Europe Acquisition Corp I in the 1st quarter valued at about $2,270,000. Bluefin Capital Management LLC bought a new position in Investcorp Europe Acquisition Corp I in the second quarter valued at approximately $2,270,000. Shaolin Capital Management LLC raised its position in Investcorp Europe Acquisition Corp I by 75.2% during the second quarter. Shaolin Capital Management LLC now owns 350,456 shares of the company’s stock valued at $3,978,000 after purchasing an additional 150,456 shares in the last quarter. K2 Principal Fund L.P. bought a new stake in Investcorp Europe Acquisition Corp I during the second quarter worth $1,850,000. Finally, Berkley W R Corp boosted its holdings in shares of Investcorp Europe Acquisition Corp I by 211.2% in the 1st quarter. Berkley W R Corp now owns 1,702,673 shares of the company’s stock valued at $19,215,000 after purchasing an additional 1,155,505 shares in the last quarter. 66.10% of the stock is owned by institutional investors.
About Investcorp Europe Acquisition Corp I
Investcorp Europe Acquisition Corp I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets in the business services, consumer and lifestyle, niche manufacturing, and technology sectors.
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