Oribel Capital Management LP grew its position in COVA Acquisition Corp. (NASDAQ:COVA – Get Rating) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,111,488 shares of the company’s stock after buying an additional 202,452 shares during the quarter. COVA Acquisition accounts for 0.4% of Oribel Capital Management LP’s holdings, making the stock its 29th largest holding. Oribel Capital Management LP owned approximately 2.96% of COVA Acquisition worth $10,848,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Seaport Global Asset Management LLC acquired a new stake in shares of COVA Acquisition in the third quarter valued at $51,000. Magnetar Financial LLC acquired a new position in COVA Acquisition during the 3rd quarter worth $101,000. Geode Capital Management LLC grew its stake in COVA Acquisition by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 20,529 shares of the company’s stock worth $200,000 after purchasing an additional 2,919 shares in the last quarter. Mariner Investment Group LLC grew its stake in COVA Acquisition by 93.9% during the 3rd quarter. Mariner Investment Group LLC now owns 20,655 shares of the company’s stock worth $201,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Rivernorth Capital Management LLC acquired a new position in COVA Acquisition during the 3rd quarter worth $243,000. 59.06% of the stock is owned by institutional investors and hedge funds.
COVA traded down $0.01 on Friday, hitting $9.80. 25,476 shares of the company were exchanged, compared to its average volume of 60,035. COVA Acquisition Corp. has a twelve month low of $9.60 and a twelve month high of $9.85. The firm has a 50-day moving average price of $9.80 and a two-hundred day moving average price of $9.76.
COVA Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded in 2020 and is based in San Francisco, California.
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