APx Acquisition Corp. I (NASDAQ:APXI) Trading 0.5% Higher – Time to Buy?

APx Acquisition Corp. I (NASDAQ:APXI) shot up 0.5% on Friday . The company traded as high as $11.80 and last traded at $11.78. 13,638 shares were traded during mid-day trading, a decline of 33% from the average session volume of 20,370 shares. The stock had previously closed at $11.72.

APx Acquisition Corp. I Price Performance

The stock’s 50 day simple moving average is $11.67 and its two-hundred day simple moving average is $11.58.

Hedge Funds Weigh In On APx Acquisition Corp. I

A number of institutional investors have recently modified their holdings of the stock. Clear Street LLC bought a new stake in shares of APx Acquisition Corp. I during the second quarter worth approximately $78,000. Spartan Fund Management Inc. boosted its holdings in shares of APx Acquisition Corp. I by 90.8% in the second quarter. Spartan Fund Management Inc. now owns 38,442 shares of the company’s stock valued at $446,000 after buying an additional 18,290 shares during the period. Logan Stone Capital LLC acquired a new position in APx Acquisition Corp. I during the second quarter worth $2,925,000. Periscope Capital Inc. boosted its holdings in APx Acquisition Corp. I by 79.5% during the first quarter. Periscope Capital Inc. now owns 358,990 shares of the company’s stock worth $4,103,000 after purchasing an additional 158,990 shares during the last quarter. Finally, Berkley W R Corp boosted its holdings in APx Acquisition Corp. I by 42.5% during the first quarter. Berkley W R Corp now owns 394,879 shares of the company’s stock worth $4,531,000 after purchasing an additional 117,726 shares during the last quarter. 51.82% of the stock is owned by institutional investors.

About APx Acquisition Corp. I

APx Acquisition Corp. I. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. APx Acquisition Corp. I. was incorporated in 2021 and is based in Mexico City, Mexico.