Cohanzick Management LLC Sells 1,198,417 Shares of Iconic Sports Acquisition Corp. (NYSE:ICNC)

Cohanzick Management LLC lessened its stake in shares of Iconic Sports Acquisition Corp. (NYSE:ICNC) by 90.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 132,506 shares of the company’s stock after selling 1,198,417 shares during the period. Iconic Sports Acquisition makes up about 1.1% of Cohanzick Management LLC’s holdings, making the stock its 24th largest holding. Cohanzick Management LLC’s holdings in Iconic Sports Acquisition were worth $1,392,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ICNC. Virtu Financial LLC raised its holdings in Iconic Sports Acquisition by 59.0% in the 4th quarter. Virtu Financial LLC now owns 17,513 shares of the company’s stock worth $181,000 after acquiring an additional 6,501 shares during the period. Spartan Fund Management Inc. bought a new position in shares of Iconic Sports Acquisition in the first quarter worth about $1,082,000. Mizuho Securities USA LLC acquired a new position in shares of Iconic Sports Acquisition during the 1st quarter worth about $1,083,000. Exos TFP Holdings LLC acquired a new position in shares of Iconic Sports Acquisition during the 1st quarter worth about $2,048,000. Finally, Bank of Montreal Can bought a new stake in Iconic Sports Acquisition during the 1st quarter valued at approximately $2,348,000. Institutional investors and hedge funds own 35.93% of the company’s stock.

Iconic Sports Acquisition Stock Performance

ICNC traded down $0.01 during midday trading on Tuesday, reaching $10.77. The company’s stock had a trading volume of 100 shares, compared to its average volume of 102,567. Iconic Sports Acquisition Corp. has a twelve month low of $10.08 and a twelve month high of $10.84. The company has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $10.60.

Iconic Sports Acquisition Profile

Iconic Sports Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination. The company focuses on acquiring business in the global sports industry. The company was incorporated in 2021 and is based in London, the United Kingdom.