Wolverine Asset Management LLC Increases Stake in Investcorp India Acquisition Corp (NASDAQ:IVCA)

Wolverine Asset Management LLC lifted its stake in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) by 48.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 602,874 shares of the company’s stock after buying an additional 195,957 shares during the quarter. Wolverine Asset Management LLC’s holdings in Investcorp India Acquisition were worth $6,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Meteora Capital LLC bought a new stake in Investcorp India Acquisition in the third quarter worth $6,654,000. Shaolin Capital Management LLC boosted its stake in Investcorp India Acquisition by 154.5% in the 3rd quarter. Shaolin Capital Management LLC now owns 300,000 shares of the company’s stock worth $3,243,000 after purchasing an additional 850,000 shares in the last quarter. Finally, Spartan Fund Management Inc. bought a new stake in Investcorp India Acquisition during the 3rd quarter valued at about $2,437,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Investcorp India Acquisition Stock Up 0.1 %

NASDAQ:IVCA traded up $0.01 on Tuesday, reaching $11.25. 97,435 shares of the stock traded hands, compared to its average volume of 41,903. Investcorp India Acquisition Corp has a 12 month low of $10.55 and a 12 month high of $11.31. The company’s fifty day simple moving average is $11.16 and its 200 day simple moving average is $11.03.

Investcorp India Acquisition Company Profile

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.