Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) Trading Up 0.3% – Here’s Why

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA)’s stock price rose 0.3% during mid-day trading on Monday . The company traded as high as $11.60 and last traded at $11.58. Approximately 4,200 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 20,633 shares. The stock had previously closed at $11.55.

Blockchain Coinvestors Acquisition Corp. I Price Performance

The firm’s 50-day moving average is $11.46 and its two-hundred day moving average is $11.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Berkley W R Corp boosted its holdings in Blockchain Coinvestors Acquisition Corp. I by 142.4% in the first quarter. Berkley W R Corp now owns 297,222 shares of the company’s stock valued at $3,296,000 after purchasing an additional 174,598 shares during the last quarter. Quarry LP purchased a new position in Blockchain Coinvestors Acquisition Corp. I in the 2nd quarter valued at $833,000. Finally, Clear Street LLC grew its stake in Blockchain Coinvestors Acquisition Corp. I by 69.2% during the 2nd quarter. Clear Street LLC now owns 54,999 shares of the company’s stock valued at $615,000 after acquiring an additional 22,492 shares in the last quarter. Institutional investors own 14.47% of the company’s stock.

Blockchain Coinvestors Acquisition Corp. I Company Profile

Blockchain Coinvestors Acquisition Corp. I 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 in the financial services, technology, and other sectors of the economy that are being enabled by emerging applications of blockchain.