Kairous Acquisition (NASDAQ:KACL) Shares Down 1.7% – What’s Next?

Kairous Acquisition Corp. Limited (NASDAQ:KACL)’s share price fell 1.7% during trading on Monday . The stock traded as low as $12.33 and last traded at $12.33. 1,547 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 3,691 shares. The stock had previously closed at $12.54.

Kairous Acquisition Trading Down 1.7 %

The business’s fifty day simple moving average is $12.39 and its two-hundred day simple moving average is $12.26.

Hedge Funds Weigh In On Kairous Acquisition

An institutional investor recently raised its position in Kairous Acquisition stock. Berkley W R Corp increased its position in shares of Kairous Acquisition Corp. Limited (NASDAQ:KACL) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,266 shares of the company’s stock after buying an additional 4,552 shares during the quarter. Berkley W R Corp owned about 4.16% of Kairous Acquisition worth $1,862,000 as of its most recent SEC filing. Institutional investors and hedge funds own 36.35% of the company’s stock.

About Kairous Acquisition

Kairous Acquisition Corp. Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on opportunities in Asia, excluding China.