Investcorp India Acquisition (NASDAQ:IVCA) Shares Down 0.7% – What’s Next?

Investcorp India Acquisition Corp (NASDAQ:IVCA) traded down 0.7% during trading on Friday . The stock traded as low as $11.85 and last traded at $11.92. 2,859 shares changed hands during trading, an increase of 304% from the average session volume of 708 shares. The stock had previously closed at $12.00.

Investcorp India Acquisition Stock Performance

The company has a 50-day simple moving average of $11.80 and a two-hundred day simple moving average of $11.63.

Hedge Funds Weigh In On Investcorp India Acquisition

An institutional investor recently raised its position in Investcorp India Acquisition stock. Quarry LP lifted its holdings in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,000 shares of the company’s stock after purchasing an additional 13,333 shares during the period. Quarry LP owned 0.46% of Investcorp India Acquisition worth $867,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 55.98% of the company’s stock.

About Investcorp India Acquisition

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.