BDCIU (NASDAQ:BDCIU) Stock Price Down 0.6% – Should You Sell?

BDCIU (NASDAQ:BDCIU)’s share price fell 0.6% during mid-day trading on Wednesday. The stock traded as low as $10.23 and last traded at $10.23. Approximately 410 shares were traded during mid-day trading, a decline of 95% from the average session volume of 8,696 shares. The stock had previously closed at $10.29.

BDCIU Price Performance

The business’s 50 day moving average price is $10.25 and its 200-day moving average price is $10.17.

Institutional Trading of BDCIU

An institutional investor recently bought a new position in BDCIU stock. OMERS ADMINISTRATION Corp purchased a new position in BDCIU (NASDAQ:BDCIU) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,651 shares of the company’s stock, valued at approximately $614,000.

About BDCIU

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.