Clear Street LLC Sells 68,228 Shares of AI Transportation Acquisition Corp (NASDAQ:AITR)

Clear Street LLC lowered its stake in shares of AI Transportation Acquisition Corp (NASDAQ:AITR) by 96.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,659 shares of the company’s stock after selling 68,228 shares during the quarter. Clear Street LLC’s holdings in AI Transportation Acquisition were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whitebox Advisors LLC purchased a new stake in shares of AI Transportation Acquisition during the 1st quarter valued at $206,000. Virtu Financial LLC acquired a new stake in AI Transportation Acquisition in the first quarter worth about $379,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of AI Transportation Acquisition during the first quarter worth about $1,027,000. Periscope Capital Inc. acquired a new position in shares of AI Transportation Acquisition during the first quarter valued at about $1,028,000. Finally, Gabelli Funds LLC purchased a new position in shares of AI Transportation Acquisition in the 1st quarter valued at approximately $1,029,000. Hedge funds and other institutional investors own 81.89% of the company’s stock.

AI Transportation Acquisition Price Performance

NASDAQ:AITR opened at $10.49 on Friday. AI Transportation Acquisition Corp has a twelve month low of $10.11 and a twelve month high of $10.48. The company’s 50 day moving average is $10.42 and its two-hundred day moving average is $10.35.

AI Transportation Acquisition Company Profile

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.