Arena Capital Advisors LLC CA lowered its stake in KL Acquisition Corp (OTCMKTS:KLAQU) by 26.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 464,010 shares of the company’s stock after selling 166,422 shares during the period. Arena Capital Advisors LLC CA’s holdings in KL Acquisition were worth $4,640,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in KLAQU. Royal Bank of Canada purchased a new position in KL Acquisition during the 1st quarter valued at $99,000. Ratan Capital Management LP bought a new position in KL Acquisition in the 1st quarter worth about $99,000. Anqa Management LLC bought a new position in KL Acquisition in the 1st quarter worth about $149,000. Walleye Trading LLC bought a new position in KL Acquisition in the 1st quarter worth about $159,000. Finally, Janus Henderson Group PLC bought a new position in KL Acquisition in the 1st quarter worth about $170,000.
KLAQU traded up $0.08 during midday trading on Wednesday, hitting $9.95. 250,174 shares of the company traded hands, compared to its average volume of 92,267. The company’s 50-day moving average is $9.93 and its 200 day moving average is $9.96. KL Acquisition Corp has a 52 week low of $9.80 and a 52 week high of $10.74.
KL Acquisition Corp is a blank check company. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. It intends to focus investment effort on life sciences, which includes medical devices, diagnostics, and life sciences tools and instrumentation.
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