Verition Fund Management LLC raised its stake in Live Oak Mobility Acquisition Corp. (NYSE:LOKM – Get Rating) by 2.4% in the 1st quarter, HoldingsChannel reports. The fund owned 264,656 shares of the company’s stock after buying an additional 6,290 shares during the quarter. Verition Fund Management LLC’s holdings in Live Oak Mobility Acquisition were worth $2,596,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOKM. 683 Capital Management LLC acquired a new stake in shares of Live Oak Mobility Acquisition during the 4th quarter worth approximately $977,000. Q Global Advisors LLC acquired a new stake in shares of Live Oak Mobility Acquisition during the 4th quarter worth approximately $879,000. Basso Capital Management L.P. acquired a new stake in shares of Live Oak Mobility Acquisition during the 1st quarter worth approximately $989,000. Flow Traders U.S. LLC acquired a new stake in shares of Live Oak Mobility Acquisition during the 1st quarter worth approximately $331,000. Finally, Hsbc Holdings PLC grew its position in shares of Live Oak Mobility Acquisition by 19.2% during the 1st quarter. Hsbc Holdings PLC now owns 236,081 shares of the company’s stock worth $2,307,000 after buying an additional 38,048 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.
Live Oak Mobility Acquisition Stock Performance
Shares of NYSE:LOKM opened at $9.86 on Friday. Live Oak Mobility Acquisition Corp. has a one year low of $9.67 and a one year high of $9.88. The company has a 50 day moving average of $9.84 and a 200-day moving average of $9.80.
About Live Oak Mobility Acquisition
Live Oak Mobility Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Memphis, Tennessee.
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