COVA Acquisition (OTCMKTS:COVAU) Trading Down 1.4%

COVA Acquisition Corp. (OTCMKTS:COVAU)’s share price dropped 1.4% on Tuesday . The stock traded as low as $10.50 and last traded at $10.50. Approximately 4,200 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 15,482 shares. The stock had previously closed at $10.65.

COVA Acquisition Stock Down 1.4 %

The stock has a 50 day simple moving average of $10.50 and a 200-day simple moving average of $10.50.

Institutional Trading of COVA Acquisition

A hedge fund recently raised its stake in COVA Acquisition stock. Jane Street Group LLC lifted its stake in COVA Acquisition Corp. (OTCMKTS:COVAU) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,446 shares of the company’s stock after purchasing an additional 10,693 shares during the quarter. Jane Street Group LLC’s holdings in COVA Acquisition were worth $512,000 at the end of the most recent reporting period.

About COVA Acquisition

COVA Acquisition Corp. does not have significant operations. It 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 technology industry in Southeast Asia or the United States.