Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) Trading Up 0.1%

Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA)’s share price was up 0.1% during trading on Friday . The stock traded as high as $11.53 and last traded at $11.53. Approximately 490 shares changed hands during trading, a decline of 100% from the average daily volume of 98,295 shares. The stock had previously closed at $11.52.

Mountain & Co. I Acquisition Corp. Stock Up 0.1 %

The firm has a 50 day simple moving average of $11.46 and a 200-day simple moving average of $11.32.

Hedge Funds Weigh In On Mountain & Co. I Acquisition Corp.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP grew its stake in Mountain & Co. I Acquisition Corp. by 30.0% in the fourth quarter. Quarry LP now owns 520,000 shares of the company’s stock valued at $5,876,000 after purchasing an additional 120,000 shares during the last quarter. Berkley W R Corp grew its stake in Mountain & Co. I Acquisition Corp. by 0.6% in the fourth quarter. Berkley W R Corp now owns 544,035 shares of the company’s stock valued at $6,148,000 after purchasing an additional 3,111 shares during the last quarter. K2 Principal Fund L.P. grew its stake in Mountain & Co. I Acquisition Corp. by 456.0% in the fourth quarter. K2 Principal Fund L.P. now owns 98,848 shares of the company’s stock valued at $1,117,000 after purchasing an additional 81,071 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Mountain & Co. I Acquisition Corp. by 3.0% in the fourth quarter. Mizuho Securities USA LLC now owns 829,044 shares of the company’s stock valued at $9,327,000 after purchasing an additional 24,044 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in Mountain & Co. I Acquisition Corp. by 281.1% in the fourth quarter. Wolverine Asset Management LLC now owns 795,100 shares of the company’s stock valued at $8,985,000 after purchasing an additional 586,463 shares during the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.

About Mountain & Co. I Acquisition Corp.

Mountain & Co I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in consumer Internet and B2B digital infrastructure sectors.