Virtu Financial LLC Sells 24,237 Shares of Melar Acquisition Corp. I (NASDAQ:MACI)

Virtu Financial LLC lowered its position in shares of Melar Acquisition Corp. I (NASDAQ:MACI) by 19.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 98,560 shares of the company’s stock after selling 24,237 shares during the quarter. Virtu Financial LLC’s holdings in Melar Acquisition Corp. I were worth $993,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tidal Investments LLC bought a new stake in Melar Acquisition Corp. I during the third quarter valued at $209,000. Berkley W R Corp bought a new stake in Melar Acquisition Corp. I during the third quarter valued at $1,991,000. Periscope Capital Inc. bought a new stake in Melar Acquisition Corp. I during the third quarter valued at $2,497,000. Rivernorth Capital Management LLC bought a new stake in Melar Acquisition Corp. I during the third quarter valued at $2,912,000. Finally, Wolverine Asset Management LLC boosted its position in Melar Acquisition Corp. I by 216.1% during the fourth quarter. Wolverine Asset Management LLC now owns 327,172 shares of the company’s stock valued at $3,291,000 after acquiring an additional 223,672 shares during the last quarter.

Melar Acquisition Corp. I Stock Up 0.7 %

Shares of MACI opened at $10.31 on Monday. The firm’s fifty day simple moving average is $10.18 and its two-hundred day simple moving average is $10.08. Melar Acquisition Corp. I has a 12 month low of $9.95 and a 12 month high of $10.31.

Melar Acquisition Corp. I Profile

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.