Short Interest in IG Acquisition Corp. (NASDAQ:IGAC) Grows By 17.5%

IG Acquisition Corp. (NASDAQ:IGACGet Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 22,200 shares, a growth of 17.5% from the December 15th total of 18,900 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Sculptor Capital LP lifted its position in shares of IG Acquisition by 14.4% in the 2nd quarter. Sculptor Capital LP now owns 858,901 shares of the company’s stock worth $8,503,000 after purchasing an additional 108,243 shares during the period. Hudson Bay Capital Management LP lifted its holdings 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 worth $5,693,000 after buying an additional 75,000 shares during the period. Goldman Sachs Group Inc. boosted its position in IG Acquisition by 10.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 485,186 shares of the company’s stock valued at $4,784,000 after acquiring an additional 46,178 shares in the last quarter. Berkley W R Corp boosted its position in IG Acquisition by 9.3% during the second quarter. Berkley W R Corp now owns 451,846 shares of the company’s stock valued at $4,473,000 after purchasing an additional 38,307 shares in the last quarter. Finally, Millennium Management LLC grew its stake in IG Acquisition by 5.8% in the second quarter. Millennium Management LLC now owns 420,647 shares of the company’s stock valued at $4,164,000 after purchasing an additional 23,055 shares during the last quarter. Hedge funds and other institutional investors own 38.82% of the company’s stock.

IG Acquisition Trading Up 0.1 %

IGAC stock opened at $10.12 on Friday. IG Acquisition has a twelve month low of $9.78 and a twelve month high of $10.14. The firm’s fifty day simple moving average is $10.06 and its two-hundred day simple moving average is $10.01.

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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