Global Lights Acquisition Corp (NASDAQ:GLAC – Get Free Report)’s stock price shot up 0.3% during trading on Thursday . The stock traded as high as $10.69 and last traded at $10.69. 1,992 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 57,213 shares. The stock had previously closed at $10.66.
Global Lights Acquisition Price Performance
The firm’s fifty day moving average price is $10.64 and its two-hundred day moving average price is $10.50.
Hedge Funds Weigh In On Global Lights Acquisition
Institutional investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. grew its holdings in shares of Global Lights Acquisition by 60.0% during the third quarter. Polar Asset Management Partners Inc. now owns 800,000 shares of the company’s stock worth $8,376,000 after purchasing an additional 300,000 shares in the last quarter. Rivernorth Capital Management LLC purchased a new position in Global Lights Acquisition in the 3rd quarter worth approximately $3,105,000. Shaolin Capital Management LLC increased its holdings in shares of Global Lights Acquisition by 6.2% in the 3rd quarter. Shaolin Capital Management LLC now owns 217,504 shares of the company’s stock worth $2,277,000 after buying an additional 12,712 shares during the last quarter. Berkley W R Corp purchased a new stake in shares of Global Lights Acquisition during the 3rd quarter valued at $1,040,000. Finally, Walleye Capital LLC bought a new stake in shares of Global Lights Acquisition during the 3rd quarter worth $669,000. 83.41% of the stock is currently owned by institutional investors.
About Global Lights Acquisition
Global Lights Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.
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