AI Transportation Acquisition (NASDAQ:AITR) Shares Up 0.1% – Still a Buy?

AI Transportation Acquisition Corp (NASDAQ:AITR) was up 0.1% on Friday . The company traded as high as $10.57 and last traded at $10.56. Approximately 354,087 shares were traded during trading, an increase of 808% from the average daily volume of 39,010 shares. The stock had previously closed at $10.55.

AI Transportation Acquisition Trading Up 0.1 %

The business has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $10.39.

Hedge Funds Weigh In On AI Transportation Acquisition

Institutional investors have recently bought and sold shares of the business. Karpus Management Inc. bought a new stake in shares of AI Transportation Acquisition during the first quarter worth approximately $10,235,000. Shaolin Capital Management LLC bought a new stake in shares of AI Transportation Acquisition during the second quarter worth approximately $2,637,000. Cowen AND Company LLC boosted its holdings in shares of AI Transportation Acquisition by 90.4% during the second quarter. Cowen AND Company LLC now owns 252,706 shares of the company’s stock worth $2,616,000 after acquiring an additional 120,000 shares during the period. Gabelli Funds LLC bought a new stake in shares of AI Transportation Acquisition during the first quarter worth approximately $1,029,000. Finally, Periscope Capital Inc. bought a new stake in shares of AI Transportation Acquisition during the first quarter worth approximately $1,028,000. Institutional investors and hedge funds own 81.89% of the company’s stock.

About AI Transportation Acquisition

AI Transportation Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services, and related areas of intelligent transportation.