Gores Holdings IX (NASDAQ:GHIX) Shares Up 0.1% – Still a Buy?

Gores Holdings IX, Inc. (NASDAQ:GHIX) shares rose 0.1% during trading on Tuesday . The company traded as high as $10.59 and last traded at $10.59. Approximately 1,354 shares were traded during trading, a decline of 93% from the average daily volume of 20,593 shares. The stock had previously closed at $10.58.

Gores Holdings IX Trading Down 0.1 %

The stock has a 50 day moving average of $10.59 and a 200-day moving average of $10.59.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. ADAR1 Capital Management LLC bought a new position in shares of Gores Holdings IX during the 4th quarter worth $315,000. K2 Principal Fund L.P. purchased a new position in shares of Gores Holdings IX in the fourth quarter worth $2,625,000. Flow State Investments L.P. lifted its stake in shares of Gores Holdings IX by 233.3% during the fourth quarter. Flow State Investments L.P. now owns 250,000 shares of the company’s stock worth $2,625,000 after buying an additional 175,000 shares during the period. Verition Fund Management LLC lifted its stake in shares of Gores Holdings IX by 99.8% during the fourth quarter. Verition Fund Management LLC now owns 500,616 shares of the company’s stock worth $5,256,000 after buying an additional 250,000 shares during the period. Finally, Walleye Trading LLC increased its position in shares of Gores Holdings IX by 50.4% in the 1st quarter. Walleye Trading LLC now owns 544,050 shares of the company’s stock valued at $5,745,000 after acquiring an additional 182,300 shares during the period. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Gores Holdings IX Company Profile

Gores Holdings IX, Inc does not have significant operations. It intends to effect on a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Boulder, Colorado.