BYTE Acquisition (NASDAQ:BYTS) Shares Down 0.1%

Shares of BYTE Acquisition Corp. (NASDAQ:BYTSGet Rating) traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $10.12 and last traded at $10.13. 7,561 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 63,906 shares. The stock had previously closed at $10.14.

BYTE Acquisition Stock Performance

The company has a 50 day simple moving average of $10.06 and a two-hundred day simple moving average of $9.94.

Hedge Funds Weigh In On BYTE Acquisition

Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SNC acquired a new stake in shares of BYTE Acquisition in the third quarter worth $9,262,000. Glazer Capital LLC boosted its stake in shares of BYTE Acquisition by 1,393.4% in the first quarter. Glazer Capital LLC now owns 735,692 shares of the company’s stock worth $7,188,000 after buying an additional 686,429 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in BYTE Acquisition during the first quarter worth about $3,003,000. Bank of Montreal Can raised its position in BYTE Acquisition by 351.9% during the second quarter. Bank of Montreal Can now owns 385,240 shares of the company’s stock valued at $3,806,000 after acquiring an additional 300,000 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in BYTE Acquisition by 4,530.7% in the first quarter. Bank of America Corp DE now owns 286,180 shares of the company’s stock valued at $2,796,000 after acquiring an additional 280,000 shares during the period. 66.40% of the stock is owned by hedge funds and other institutional investors.

About BYTE Acquisition

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BYTE Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its search for targets in the Israeli technology industry, including cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence, and robotics.

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