BLRKU (NASDAQ:BLRKU – Get Free Report) traded up 0.9% during mid-day trading on Thursday. The company traded as high as $10.36 and last traded at $10.3190. 844 shares were traded during trading, a decline of 87% from the average daily volume of 6,467 shares. The stock had previously closed at $10.23.
BLRKU Trading Up 1.3%
The company has a 50-day moving average price of $10.36 and a 200-day moving average price of $10.19.
Hedge Funds Weigh In On BLRKU
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Magnetar Financial LLC purchased a new stake in shares of BLRKU during the 4th quarter worth approximately $8,000,000. Mint Tower Capital Management B.V. purchased a new position in shares of BLRKU in the 4th quarter valued at $6,500,000. Aristeia Capital L.L.C. acquired a new stake in BLRKU during the 4th quarter worth $5,106,000. Radcliffe Capital Management L.P. acquired a new stake in BLRKU during the 4th quarter worth $4,004,000. Finally, L1 Global Manager Pty Ltd acquired a new stake in BLRKU during the 4th quarter worth $3,500,000.
About BLRKU
BlueRiver Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with an operating company. Its mandate may include a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar transaction.
Before completing a transaction, the company does not operate a conventional commercial business or offer products and services to customers. Its activities are primarily focused on identifying a suitable target, conducting due diligence and negotiating the terms of a potential combination.
BLRKU represents the company’s publicly traded units, which were issued in connection with its formation and financing as a SPAC.
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