IG Acquisition (NASDAQ:IGAC) Shares Up 0.1%

IG Acquisition Corp. (NASDAQ:IGACGet Rating) shot up 0.1% on Wednesday . The company traded as high as $10.12 and last traded at $10.12. 400 shares were traded during mid-day trading, a decline of 96% from the average session volume of 11,367 shares. The stock had previously closed at $10.11.

IG Acquisition Price Performance

The business has a 50 day moving average price of $10.05 and a two-hundred day moving average price of $10.01.

Hedge Funds Weigh In On IG Acquisition

A number of hedge funds have recently made changes to their positions in IGAC. Sculptor Capital LP boosted its stake in shares of IG Acquisition by 57.5% in the first quarter. Sculptor Capital LP now owns 750,658 shares of the company’s stock worth $7,401,000 after acquiring an additional 274,079 shares during the period. Karpus Management Inc. bought a new position in IG Acquisition during the second quarter valued at approximately $2,475,000. Bank of America Corp DE boosted its stake in IG Acquisition by 121.4% during the first quarter. Bank of America Corp DE now owns 333,043 shares of the company’s stock valued at $3,283,000 after buying an additional 182,601 shares during the last quarter. Hudson Bay Capital Management LP boosted its stake in IG Acquisition by 15.0% during the second quarter. Hudson Bay Capital Management LP now owns 575,000 shares of the company’s stock valued at $5,693,000 after buying an additional 75,000 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in IG Acquisition during the second quarter valued at approximately $554,000. Institutional investors own 38.82% of the company’s stock.

About IG Acquisition

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IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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