Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) Shares Up 0.2% – Here’s Why

Shares of Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $11.76 and last traded at $11.76. 569 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 68,290 shares. The stock had previously closed at $11.74.

Mountain & Co. I Acquisition Corp. Price Performance

The firm’s 50 day simple moving average is $11.72 and its 200-day simple moving average is $11.65.

Institutional Trading of Mountain & Co. I Acquisition Corp.

Several institutional investors and hedge funds have recently bought and sold shares of MCAA. Wolverine Asset Management LLC grew its stake in Mountain & Co. I Acquisition Corp. by 783.2% in the second quarter. Wolverine Asset Management LLC now owns 135,600 shares of the company’s stock valued at $1,580,000 after purchasing an additional 120,247 shares in the last quarter. Spartan Fund Management Inc. grew its stake in shares of Mountain & Co. I Acquisition Corp. by 132.9% in the second quarter. Spartan Fund Management Inc. now owns 147,934 shares of the company’s stock valued at $1,722,000 after buying an additional 84,408 shares in the last quarter. K2 Principal Fund L.P. increased its holdings in Mountain & Co. I Acquisition Corp. by 82.8% during the first quarter. K2 Principal Fund L.P. now owns 180,680 shares of the company’s stock worth $2,076,000 after buying an additional 81,832 shares during the last quarter. Logan Stone Capital LLC bought a new stake in Mountain & Co. I Acquisition Corp. during the second quarter worth $2,146,000. Finally, Berkley W R Corp raised its position in Mountain & Co. I Acquisition Corp. by 111.0% during the first quarter. Berkley W R Corp now owns 1,147,721 shares of the company’s stock worth $13,187,000 after acquiring an additional 603,686 shares in the last quarter. Institutional investors own 64.23% of the company’s stock.

About Mountain & Co. I Acquisition Corp.

Mountain & Co I 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 or entities in consumer Internet and B2B digital infrastructure sectors.