Shares of Globa Terra Acquisition Corp (NASDAQ:GTERU – Get Free Report) traded up 0.2% on Friday . The stock traded as high as $10.44 and last traded at $10.43. Approximately 3,640 shares changed hands during trading, a decline of 87% from the average session volume of 28,917 shares. The stock had previously closed at $10.41.
Globa Terra Acquisition Stock Up 0.2%
The firm has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $10.38.
Hedge Funds Weigh In On Globa Terra Acquisition
Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG acquired a new stake in shares of Globa Terra Acquisition during the third quarter worth $5,460,000. Clear Street Group Inc. raised its stake in shares of Globa Terra Acquisition by 374.3% in the 4th quarter. Clear Street Group Inc. now owns 221,367 shares of the company’s stock valued at $2,276,000 after purchasing an additional 174,697 shares during the period. Citadel Advisors LLC bought a new stake in shares of Globa Terra Acquisition in the third quarter valued at about $2,150,000. Boothbay Fund Management LLC bought a new stake in shares of Globa Terra Acquisition in the third quarter valued at about $1,017,000. Finally, ADAR1 Capital Management LLC acquired a new position in shares of Globa Terra Acquisition during the third quarter worth about $508,000.
Global Terra Acquisition Corp. (NASDAQ:GTERU) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was incorporated in Delaware in 2021 and completed its initial public offering later that year, listing its units on the New York Stock Exchange under the symbol GTERU. As of its IPO, the company does not have any ongoing operating business other than identifying and evaluating potential target companies for a business combination.
To date, Global Terra Acquisition Corp.
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