PenderFund Capital Management Ltd. Buys Shares of 6,777 Mountain Crest Acquisition Corp. V (NASDAQ:MCAG)

PenderFund Capital Management Ltd. purchased a new position in shares of Mountain Crest Acquisition Corp. V (NASDAQ:MCAG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,777 shares of the company’s stock, valued at approximately $93,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wolverine Asset Management LLC grew its position in Mountain Crest Acquisition Corp. V by 779.8% in the 1st quarter. Wolverine Asset Management LLC now owns 38,712 shares of the company’s stock valued at $397,000 after buying an additional 34,312 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Mountain Crest Acquisition Corp. V in the 1st quarter worth approximately $531,000. Gabelli Funds LLC acquired a new stake in Mountain Crest Acquisition Corp. V during the first quarter valued at approximately $696,000. Centiva Capital LP bought a new stake in Mountain Crest Acquisition Corp. V during the second quarter worth approximately $861,000. Finally, Glazer Capital LLC acquired a new position in Mountain Crest Acquisition Corp. V in the first quarter worth approximately $906,000. Institutional investors own 11.57% of the company’s stock.

Mountain Crest Acquisition Corp. V Stock Performance

Shares of NASDAQ MCAG remained flat at $10.65 during trading on Tuesday. The company’s stock had a trading volume of 100 shares, compared to its average volume of 6,908. Mountain Crest Acquisition Corp. V has a 52 week low of $9.69 and a 52 week high of $11.40. The firm has a 50 day moving average of $10.66 and a 200-day moving average of $10.56.

Mountain Crest Acquisition Corp. V Company Profile

Mountain Crest Acquisition Corp. V does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to pursue target business opportunities in North America and the Asia Pacific region.