CITIC Capital Acquisition Corp. (NYSE:CCAC) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 15,009 call options on the company. This is an increase of 210% compared to the typical daily volume of 4,841 call options.
Shares of NYSE CCAC traded down $0.17 during trading on Tuesday, reaching $11.23. 53,621 shares of the stock were exchanged, compared to its average volume of 722,695. The business’s 50-day moving average price is $10.95. CITIC Capital Acquisition has a twelve month low of $9.51 and a twelve month high of $12.20.
Several hedge funds and other institutional investors have recently bought and sold shares of CCAC. Schonfeld Strategic Advisors LLC acquired a new position in shares of CITIC Capital Acquisition during the third quarter worth $162,000. Penserra Capital Management LLC acquired a new position in shares of CITIC Capital Acquisition during the fourth quarter worth $176,000. OLD Mission Capital LLC acquired a new position in shares of CITIC Capital Acquisition during the third quarter worth $196,000. Narwhal Capital Management acquired a new position in shares of CITIC Capital Acquisition during the third quarter worth $206,000. Finally, Saba Capital Management L.P. lifted its position in shares of CITIC Capital Acquisition by 547.2% during the third quarter. Saba Capital Management L.P. now owns 71,643 shares of the company’s stock worth $704,000 after purchasing an additional 60,573 shares in the last quarter. 68.19% of the stock is currently owned by institutional investors and hedge funds.
CITIC Capital Acquisition Company Profile
CITIC Capital Acquisition Corp. focuses to engage in merger, share exchange, asset acquisition, share purchase, reorganization, or business combination with one or more businesses. The company was incorporated in 2019 and is based in Beijing, the People's Republic of China.
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