RMG Acquisition Corp. III (NASDAQ:RMGC) Trading Down 0.4%

RMG Acquisition Corp. III (NASDAQ:RMGC) dropped 0.4% during mid-day trading on Thursday . The stock traded as low as $9.96 and last traded at $9.96. Approximately 1,780 shares were traded during trading, a decline of 69% from the average daily volume of 5,733 shares. The stock had previously closed at $10.00.

RMG Acquisition Corp. III Stock Performance

The company has a fifty day simple moving average of $10.06 and a 200-day simple moving average of $10.38.

Institutional Trading of RMG Acquisition Corp. III

Several institutional investors and hedge funds have recently bought and sold shares of RMGC. PenderFund Capital Management Ltd. raised its holdings in RMG Acquisition Corp. III by 50.2% during the 1st quarter. PenderFund Capital Management Ltd. now owns 3,155 shares of the company’s stock worth $39,000 after buying an additional 1,055 shares during the period. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in RMG Acquisition Corp. III during the 1st quarter worth about $109,000. Meteora Capital LLC acquired a new stake in RMG Acquisition Corp. III during the 3rd quarter worth about $173,000. Boothbay Fund Management LLC acquired a new stake in RMG Acquisition Corp. III during the 2nd quarter worth about $282,000. Finally, Toroso Investments LLC acquired a new stake in RMG Acquisition Corp. III during the 1st quarter worth about $306,000. Institutional investors and hedge funds own 4.15% of the company’s stock.

About RMG Acquisition Corp. III

RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. RMG Acquisition Corp. III was incorporated in 2020 and is based in Miami Beach, Florida.