Keyarch Acquisition (NASDAQ:KYCH) Trading 0.3% Higher

Keyarch Acquisition Co. (NASDAQ:KYCH) traded up 0.3% during mid-day trading on Wednesday . The stock traded as high as $10.73 and last traded at $10.73. 156 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 51,782 shares. The stock had previously closed at $10.70.

Keyarch Acquisition Stock Performance

The stock has a 50-day moving average of $10.64 and a 200-day moving average of $10.54.

Hedge Funds Weigh In On Keyarch Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of KYCH. Goldman Sachs Group Inc. bought a new stake in Keyarch Acquisition in the 1st quarter valued at about $629,000. Fir Tree Capital Management LP acquired a new stake in Keyarch Acquisition in the 1st quarter valued at approximately $1,958,000. Saba Capital Management L.P. bought a new stake in Keyarch Acquisition during the 1st quarter valued at $3,269,000. Radcliffe Capital Management L.P. acquired a new position in Keyarch Acquisition during the 1st quarter worth $2,048,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Keyarch Acquisition during the 1st quarter worth $2,925,000. Institutional investors and hedge funds own 69.82% of the company’s stock.

About Keyarch Acquisition

Keyarch Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on disruptive technology and innovative services companies worldwide.