Weiss Asset Management LP Buys 91,000 Shares of AIB Acquisition Co. (NASDAQ:AIB)

Weiss Asset Management LP grew its stake in shares of AIB Acquisition Co. (NASDAQ:AIB – Get Rating) by 62.5% in the third quarter, HoldingsChannel.com reports. The fund owned 236,500 shares of the company’s stock after acquiring an additional 91,000 shares during the quarter. Weiss Asset Management LP’s holdings in AIB Acquisition were worth $2,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AIB. Hudson Bay Capital Management LP bought a new stake in shares of AIB Acquisition during the 2nd quarter valued at $6,461,000. Polar Asset Management Partners Inc. bought a new stake in shares of AIB Acquisition during the 1st quarter worth $3,799,000. Karpus Management Inc. lifted its position in shares of AIB Acquisition by 349.7% during the 2nd quarter. Karpus Management Inc. now owns 427,125 shares of the company’s stock worth $4,241,000 after buying an additional 332,150 shares during the last quarter. Glazer Capital LLC bought a new stake in shares of AIB Acquisition during the 1st quarter worth $2,246,000. Finally, Radcliffe Capital Management L.P. bought a new stake in shares of AIB Acquisition during the 1st quarter worth $1,729,000. 61.46% of the stock is currently owned by institutional investors.

AIB Acquisition Stock Performance

Shares of AIB stock opened at $10.47 on Friday. AIB Acquisition Co. has a twelve month low of $9.85 and a twelve month high of $11.15. The business has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $10.22.

About AIB Acquisition

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AIB Acquisition Corporation 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 in the fintech industries. The company was incorporated in 2021 and is based in New York, New York.