Glazer Capital LLC Lowers Holdings in Cartica Acquisition Corp (NASDAQ:CITE)

Glazer Capital LLC decreased its position in Cartica Acquisition Corp (NASDAQ:CITE) by 38.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,932 shares of the company’s stock after selling 159,929 shares during the period. Glazer Capital LLC owned approximately 3.20% of Cartica Acquisition worth $2,895,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CITE. Cowen AND Company LLC bought a new position in shares of Cartica Acquisition in the second quarter worth approximately $2,673,000. Berkley W R Corp raised its holdings in Cartica Acquisition by 42.0% in the 1st quarter. Berkley W R Corp now owns 623,862 shares of the company’s stock worth $6,862,000 after acquiring an additional 184,461 shares during the last quarter. Wolverine Asset Management LLC lifted its position in Cartica Acquisition by 42.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 212,958 shares of the company’s stock valued at $2,409,000 after acquiring an additional 63,092 shares in the last quarter. K2 Principal Fund L.P. purchased a new stake in Cartica Acquisition during the 1st quarter valued at $452,000. Finally, Clear Street LLC increased its holdings in shares of Cartica Acquisition by 25,004.2% in the 2nd quarter. Clear Street LLC now owns 29,623 shares of the company’s stock worth $335,000 after purchasing an additional 29,505 shares in the last quarter. 42.21% of the stock is owned by hedge funds and other institutional investors.

Cartica Acquisition Stock Performance

CITE stock opened at $11.47 on Tuesday. Cartica Acquisition Corp has a 1-year low of $10.76 and a 1-year high of $12.25. The business has a fifty day moving average price of $11.40 and a 200-day moving average price of $11.25.

About Cartica Acquisition

Cartica Acquisition Corp does not have any 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. It intends to identify and complete a business combination in the technology sector in India.