Periscope Capital Inc. Trims Stock Holdings in Melar Acquisition Corp. I (NASDAQ:MACI)

Periscope Capital Inc. decreased its position in shares of Melar Acquisition Corp. I (NASDAQ:MACI) by 19.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 200,000 shares of the company’s stock after selling 49,800 shares during the period. Melar Acquisition Corp. I accounts for approximately 1.2% of Periscope Capital Inc.’s portfolio, making the stock its 25th largest holding. Periscope Capital Inc. owned approximately 0.99% of Melar Acquisition Corp. I worth $2,028,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in Melar Acquisition Corp. I in the 3rd quarter valued at $209,000. ATW Spac Management LLC purchased a new position in Melar Acquisition Corp. I during the third quarter worth about $1,059,000. Virtu Financial LLC acquired a new stake in Melar Acquisition Corp. I in the 3rd quarter worth about $1,227,000. Berkley W R Corp purchased a new stake in Melar Acquisition Corp. I in the 3rd quarter valued at about $1,991,000. Finally, Rivernorth Capital Management LLC acquired a new position in shares of Melar Acquisition Corp. I during the 3rd quarter valued at about $2,912,000.

Melar Acquisition Corp. I Stock Performance

Melar Acquisition Corp. I stock opened at $10.23 on Monday. Melar Acquisition Corp. I has a 1 year low of $9.95 and a 1 year high of $10.26. The firm has a 50 day moving average price of $10.16 and a 200 day moving average price of $10.07.

Melar Acquisition Corp. I Profile

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.