G Squared Ascend I (NYSE:GSQD) Trading 0.1% Higher

G Squared Ascend I Inc. (NYSE:GSQDGet Rating)’s share price traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $10.16 and last traded at $10.16. 167,186 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 469,756 shares. The stock had previously closed at $10.15.

G Squared Ascend I Stock Up 0.1 %

The company’s fifty day moving average is $10.08 and its 200-day moving average is $9.97.

Institutional Investors Weigh In On G Squared Ascend I

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. bought a new position in G Squared Ascend I in the 3rd quarter worth approximately $1,531,000. Glazer Capital LLC boosted its stake in G Squared Ascend I by 90.3% in the 3rd quarter. Glazer Capital LLC now owns 1,902,711 shares of the company’s stock worth $18,884,000 after purchasing an additional 902,851 shares during the period. Verition Fund Management LLC boosted its stake in G Squared Ascend I by 41.6% in the 3rd quarter. Verition Fund Management LLC now owns 100,171 shares of the company’s stock worth $994,000 after purchasing an additional 29,416 shares during the period. Centiva Capital LP bought a new position in G Squared Ascend I in the 3rd quarter worth approximately $1,293,000. Finally, Hsbc Holdings PLC bought a new position in G Squared Ascend I in the 3rd quarter worth approximately $175,000. 76.70% of the stock is owned by hedge funds and other institutional investors.

About G Squared Ascend I

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G Squared Ascend I Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the technology sector primarily in software-as-a service, online marketplaces, mobility 2.0/logistics, fintech/insurtech, new age media, and sustainability.

Further Reading

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