Ionic Capital Management LLC bought a new position in shares of GigCapital4, Inc. (OTCMKTS:GIGGU) during the first quarter, Holdings Channel.com reports. The firm bought 50,000 shares of the company’s stock, valued at approximately $494,000.
Several other hedge funds also recently made changes to their positions in GIGGU. Berman Capital Advisors LLC acquired a new position in shares of GigCapital4 during the first quarter worth approximately $49,000. Gabelli Funds LLC acquired a new position in GigCapital4 in the first quarter valued at approximately $120,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in GigCapital4 in the first quarter valued at approximately $126,000. Flow Traders U.S. LLC bought a new stake in GigCapital4 in the first quarter valued at approximately $140,000. Finally, Vivaldi Capital Management LLC bought a new stake in GigCapital4 in the first quarter valued at approximately $148,000.
Shares of GIGGU stock traded down $0.03 during trading hours on Thursday, hitting $10.17. 3,901 shares of the company were exchanged, compared to its average volume of 219,049. The company has a 50 day moving average of $10.12. GigCapital4, Inc. has a 52 week low of $9.80 and a 52 week high of $10.50.
GigCapital4, Inc 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 operating businesses or assets. The company was incorporated in 2020 and is headquartered in Palo Alto, California.
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