Armada Acquisition Corp. I (NASDAQ:AACI) Trading 0.5% Higher

Armada Acquisition Corp. I (NASDAQ:AACI)’s stock price traded up 0.5% during trading on Wednesday . The company traded as high as $11.40 and last traded at $11.13. 2,847 shares were traded during mid-day trading, a decline of 83% from the average session volume of 16,783 shares. The stock had previously closed at $11.07.

Armada Acquisition Corp. I Stock Up 0.5 %

The stock has a 50-day simple moving average of $10.97 and a 200 day simple moving average of $10.82.

Institutional Investors Weigh In On Armada Acquisition Corp. I

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SNC purchased a new stake in shares of Armada Acquisition Corp. I in the 3rd quarter valued at $7,226,000. Hsbc Holdings PLC purchased a new stake in Armada Acquisition Corp. I during the 1st quarter worth about $3,928,000. Sandia Investment Management LP purchased a new stake in Armada Acquisition Corp. I during the 1st quarter worth about $3,565,000. Mizuho Securities USA LLC purchased a new stake in Armada Acquisition Corp. I during the 3rd quarter worth about $1,842,000. Finally, Quarry LP purchased a new stake in Armada Acquisition Corp. I during the 2nd quarter worth about $1,414,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Armada Acquisition Corp. I

Armada Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses in the financial technology industry. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.