Indigo Acquisition (NASDAQ:INACU) Trading Up 0.4% – Here’s What Happened

Indigo Acquisition Corp. (NASDAQ:INACU) shares were up 0.4% on Thursday . The stock traded as high as $10.28 and last traded at $10.28. Approximately 4 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 1,175 shares. The stock had previously closed at $10.24.

Indigo Acquisition Trading Up 0.4%

The firm has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $10.16.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bulldog Investors LLP bought a new stake in Indigo Acquisition during the third quarter valued at about $192,000. Citadel Advisors LLC acquired a new position in shares of Indigo Acquisition during the 3rd quarter worth about $199,000. Schonfeld Strategic Advisors LLC bought a new stake in Indigo Acquisition during the 3rd quarter valued at approximately $202,000. Susquehanna International Group LLP bought a new stake in Indigo Acquisition during the 3rd quarter valued at approximately $215,000. Finally, JPMorgan Chase & Co. acquired a new stake in Indigo Acquisition in the 3rd quarter valued at approximately $253,000.

Indigo Acquisition Company Profile

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.