Investcorp India Acquisition (NASDAQ:IVCA) Shares Down 1.5% – What’s Next?

Investcorp India Acquisition Corp (NASDAQ:IVCA) dropped 1.5% during trading on Wednesday . The company traded as low as $12.10 and last traded at $12.06. Approximately 132 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 39,957 shares. The stock had previously closed at $12.24.

Investcorp India Acquisition Price Performance

The stock has a 50 day moving average of $11.98 and a 200 day moving average of $11.83.

Institutional Trading of Investcorp India Acquisition

A hedge fund recently bought a new stake in Investcorp India Acquisition stock. Toronto Dominion Bank acquired a new position in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 49,400 shares of the company’s stock, valued at approximately $583,000. Toronto Dominion Bank owned about 0.62% of Investcorp India Acquisition as of its most recent SEC filing. Hedge funds and other institutional investors own 55.98% of the company’s stock.

About Investcorp India Acquisition

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.