Innovative International Acquisition (NASDAQ:IOACU) Shares Up 9.9%

Innovative International Acquisition Corp. (NASDAQ:IOACU) shares traded up 9.9% during mid-day trading on Friday . The stock traded as high as $9.78 and last traded at $9.78. 3,171 shares traded hands during trading, an increase of 25% from the average session volume of 2,541 shares. The stock had previously closed at $8.90.

Innovative International Acquisition Trading Up 1.7 %

The firm has a fifty day moving average of $10.07 and a 200-day moving average of $10.67.

Hedge Funds Weigh In On Innovative International Acquisition

A hedge fund recently raised its stake in Innovative International Acquisition stock. Cubist Systematic Strategies LLC grew its position in Innovative International Acquisition Corp. (NASDAQ:IOACU) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,009 shares of the company’s stock after acquiring an additional 5,729 shares during the period. Cubist Systematic Strategies LLC’s holdings in Innovative International Acquisition were worth $1,724,000 at the end of the most recent quarter.

Innovative International Acquisition Company Profile

Innovative International Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business transaction with one or more businesses in consumer technology, healthcare, information technology services, and enterprise software as a service.