Verition Fund Management LLC lessened its stake in shares of Avanti Acquisition Corp. (NYSE:AVAN) by 56.9% in the first quarter, HoldingsChannel.com reports. The firm owned 228,763 shares of the company’s stock after selling 301,891 shares during the quarter. Verition Fund Management LLC’s holdings in Avanti Acquisition were worth $2,235,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. One68 Global Capital LLC purchased a new stake in Avanti Acquisition in the fourth quarter worth $103,000. Vivaldi Capital Management LLC purchased a new stake in Avanti Acquisition in the first quarter worth $171,000. Privium Fund Management UK Ltd purchased a new stake in Avanti Acquisition in the first quarter worth $195,000. Penserra Capital Management LLC lifted its stake in Avanti Acquisition by 53.3% in the first quarter. Penserra Capital Management LLC now owns 31,093 shares of the company’s stock worth $303,000 after acquiring an additional 10,805 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in Avanti Acquisition in the first quarter worth $466,000. 53.24% of the stock is owned by hedge funds and other institutional investors.
Shares of AVAN stock opened at $9.73 on Thursday. The business has a fifty day simple moving average of $9.75. Avanti Acquisition Corp. has a 52 week low of $9.54 and a 52 week high of $11.40.
Avanti Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Grand Cayman, the Cayman Islands.
Read More: Put Option
Want to see what other hedge funds are holding AVAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avanti Acquisition Corp. (NYSE:AVAN).
Receive News & Ratings for Avanti Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avanti Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.