Melar Acquisition Corp. I (NASDAQ:MACI) Trading 0.3% Higher – Here’s What Happened

Melar Acquisition Corp. I (NASDAQ:MACI) shares traded up 0.3% during trading on Tuesday . The company traded as high as $10.15 and last traded at $10.17. 28,100 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 25,341 shares. The stock had previously closed at $10.14.

Melar Acquisition Corp. I Price Performance

The company’s fifty day moving average price is $10.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in Melar Acquisition Corp. I during the 3rd quarter worth approximately $209,000. Dakota Wealth Management purchased a new position in Melar Acquisition Corp. I during the 3rd quarter worth approximately $390,000. Deltec Asset Management LLC purchased a new position in Melar Acquisition Corp. I during the 3rd quarter worth approximately $1,000,000. Wolverine Asset Management LLC purchased a new position in Melar Acquisition Corp. I during the 3rd quarter worth approximately $1,034,000. Finally, ATW Spac Management LLC purchased a new position in Melar Acquisition Corp. I during the 3rd quarter worth approximately $1,059,000.

About Melar Acquisition Corp. I

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.