Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Trading Down 0.5% – Time to Sell?

Blue Water Acquisition Corp. III (NASDAQ:BLUWU)’s share price fell 0.5% during mid-day trading on Thursday . The stock traded as low as $10.65 and last traded at $10.65. 300 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,414 shares. The stock had previously closed at $10.70.

Blue Water Acquisition Corp. III Stock Performance

The company has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $10.32.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

Several large investors have recently bought and sold shares of the business. Anson Funds Management LP acquired a new stake in Blue Water Acquisition Corp. III during the 4th quarter worth $1,055,000. Clear Street Group Inc. lifted its stake in shares of Blue Water Acquisition Corp. III by 151.3% in the 4th quarter. Clear Street Group Inc. now owns 259,755 shares of the company’s stock valued at $2,740,000 after purchasing an additional 156,372 shares during the period. Susquehanna International Group LLP bought a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter worth $158,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter worth $100,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Blue Water Acquisition Corp. III during the second quarter worth $6,503,000.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.