Global Technology Acquisition Corp. I (NASDAQ:GTAC) Trading Down 0.2% – Should You Sell?

Global Technology Acquisition Corp. I (NASDAQ:GTAC)’s share price was down 0.2% on Monday . The company traded as low as $11.48 and last traded at $11.48. Approximately 100 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 13,177 shares. The stock had previously closed at $11.50.

Global Technology Acquisition Corp. I Price Performance

The stock has a fifty day moving average of $11.51 and a two-hundred day moving average of $11.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Technology Acquisition Corp. I stock. Maverick Capital Ltd. acquired a new position in shares of Global Technology Acquisition Corp. I (NASDAQ:GTAC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,200,000 shares of the company’s stock, valued at approximately $13,548,000. Maverick Capital Ltd. owned approximately 16.93% of Global Technology Acquisition Corp. I at the end of the most recent reporting period. 18.83% of the stock is currently owned by institutional investors.

About Global Technology Acquisition Corp. I

Global Technology Acquisition Corp. I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify a business combination target within marketplaces, FinTech, and SaaS companies in Europe, Latam, and the United States.