Pioneer Acquisition I (NASDAQ:PACHU) Trading Up 0.2% – Here’s What Happened

Shares of Pioneer Acquisition I Corp (NASDAQ:PACHU) rose 0.2% during mid-day trading on Friday . The company traded as high as $10.21 and last traded at $10.21. Approximately 101 shares were traded during trading, a decline of 93% from the average daily volume of 1,500 shares. The stock had previously closed at $10.19.

Pioneer Acquisition I Price Performance

The business’s 50-day simple moving average is $10.20 and its two-hundred day simple moving average is $10.15.

Hedge Funds Weigh In On Pioneer Acquisition I

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AQR Arbitrage LLC acquired a new stake in shares of Pioneer Acquisition I during the second quarter valued at about $12,943,000. Magnetar Financial LLC acquired a new stake in Pioneer Acquisition I during the 2nd quarter worth approximately $10,010,000. MMCAP International Inc. SPC acquired a new stake in Pioneer Acquisition I during the 2nd quarter worth approximately $7,504,000. Linden Advisors LP bought a new stake in Pioneer Acquisition I during the 2nd quarter worth approximately $7,508,000. Finally, LMR Partners LLP acquired a new position in Pioneer Acquisition I in the 2nd quarter valued at approximately $7,504,000.

About Pioneer Acquisition I

Pioneer Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands in 2023. As a blank check company, it has no commercial operations of its own and was formed solely to raise capital for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

In its initial public offering, Pioneer Acquisition I sold 20 million units at a price of $10.00 per unit.