Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) Shares Up 0.2% – Here’s What Happened

Shares of Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) shot up 0.2% during mid-day trading on Thursday . The stock traded as high as $11.76 and last traded at $11.76. 569 shares changed hands during trading, a decline of 99% from the average session volume of 68,290 shares. The stock had previously closed at $11.74.

Mountain & Co. I Acquisition Corp. Stock Performance

The company’s fifty day moving average price is $11.72 and its 200-day moving average price is $11.66.

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

Hedge funds have recently added to or reduced their stakes in the company. Berkley W R Corp grew its position in Mountain & Co. I Acquisition Corp. by 5.8% in the 2nd quarter. Berkley W R Corp now owns 1,214,404 shares of the company’s stock worth $14,148,000 after purchasing an additional 66,683 shares during the period. Logan Stone Capital LLC bought a new stake in shares of Mountain & Co. I Acquisition Corp. during the 2nd quarter valued at $2,146,000. K2 Principal Fund L.P. grew its position in shares of Mountain & Co. I Acquisition Corp. by 82.8% during the 1st quarter. K2 Principal Fund L.P. now owns 180,680 shares of the company’s stock valued at $2,076,000 after acquiring an additional 81,832 shares during the period. Spartan Fund Management Inc. grew its position in shares of Mountain & Co. I Acquisition Corp. by 132.9% during the 2nd quarter. Spartan Fund Management Inc. now owns 147,934 shares of the company’s stock valued at $1,722,000 after acquiring an additional 84,408 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Mountain & Co. I Acquisition Corp. by 783.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 135,600 shares of the company’s stock valued at $1,580,000 after acquiring an additional 120,247 shares during the period. 64.23% of the stock is currently owned by hedge funds and other institutional investors.

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.