Investcorp India Acquisition (NASDAQ:IVCA) Stock Price Down 0.7% – Here’s What Happened

Investcorp India Acquisition Corp (NASDAQ:IVCA)’s stock price was down 0.7% on Friday . The company traded as low as $11.85 and last traded at $11.92. Approximately 2,859 shares were traded during trading, an increase of 304% from the average daily volume of 708 shares. The stock had previously closed at $12.00.

Investcorp India Acquisition Stock Performance

The stock’s 50 day moving average is $11.80 and its two-hundred day moving average is $11.63.

Institutional Trading of Investcorp India Acquisition

An institutional investor recently raised its position in Investcorp India Acquisition stock. Quarry LP lifted its stake in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) by 21.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the company’s stock after purchasing an additional 13,333 shares during the quarter. Quarry LP owned about 0.46% of Investcorp India Acquisition worth $867,000 at the end of the most recent quarter. Institutional investors own 55.98% of the company’s stock.

About Investcorp India Acquisition

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.