Horizon Space Acquisition I (NASDAQ:HSPO) Trading Down 0.3% – Here’s What Happened

Shares of Horizon Space Acquisition I Corp. (NASDAQ:HSPO) dropped 0.3% during trading on Tuesday . The company traded as low as $11.20 and last traded at $11.20. Approximately 137 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 39,220 shares. The stock had previously closed at $11.23.

Horizon Space Acquisition I Price Performance

The business’s 50-day simple moving average is $11.18 and its two-hundred day simple moving average is $11.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cowen AND Company LLC raised its position in shares of Horizon Space Acquisition I by 1.7% in the 2nd quarter. Cowen AND Company LLC now owns 252,422 shares of the company’s stock valued at $2,787,000 after purchasing an additional 4,174 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Horizon Space Acquisition I by 1.1% in the second quarter. Wolverine Asset Management LLC now owns 534,857 shares of the company’s stock worth $5,910,000 after buying an additional 6,000 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in Horizon Space Acquisition I in the second quarter valued at $913,000. Finally, K2 Principal Fund L.P. bought a new position in Horizon Space Acquisition I during the 1st quarter valued at $816,000. Hedge funds and other institutional investors own 69.10% of the company’s stock.

Horizon Space Acquisition I Company Profile

Horizon Space Acquisition I Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses. Horizon Space Acquisition I Corp. was incorporated in 2022 and is based in New York, New York.