Coliseum Acquisition (NASDAQ:MITA) Trading Down 0.3% – Here’s What Happened

Coliseum Acquisition Corp. (NASDAQ:MITA)’s stock price was down 0.3% during mid-day trading on Friday . The company traded as low as $11.11 and last traded at $11.11. Approximately 3,331 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 13,685 shares. The stock had previously closed at $11.14.

Coliseum Acquisition Stock Down 0.3 %

The stock has a fifty day moving average of $11.13 and a 200-day moving average of $11.01.

Hedge Funds Weigh In On Coliseum Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cowen AND Company LLC purchased a new position in Coliseum Acquisition in the second quarter worth approximately $170,000. Periscope Capital Inc. increased its position in shares of Coliseum Acquisition by 38.2% in the 1st quarter. Periscope Capital Inc. now owns 185,000 shares of the company’s stock valued at $1,989,000 after purchasing an additional 51,119 shares during the last quarter. Finally, Karpus Management Inc. grew its stake in shares of Coliseum Acquisition by 59.4% during the first quarter. Karpus Management Inc. now owns 382,610 shares of the company’s stock worth $4,113,000 after purchasing an additional 142,610 shares in the last quarter. 25.79% of the stock is owned by institutional investors and hedge funds.

Coliseum Acquisition Company Profile

Coliseum Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Las Vegas, Nevada.