GSR IV Acquisition (NASDAQ:GSRFU) Trading Up 0.5% – Here’s Why

GSR IV Acquisition Corp. (NASDAQ:GSRFU)’s stock price traded up 0.5% during mid-day trading on Friday . The stock traded as high as $10.87 and last traded at $10.4490. 725 shares were traded during mid-day trading, a decline of 91% from the average session volume of 7,839 shares. The stock had previously closed at $10.40.

GSR IV Acquisition Stock Up 0.5%

The stock has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $10.37.

Institutional Trading of GSR IV Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clear Street Group Inc. lifted its position in GSR IV Acquisition by 26.9% in the 4th quarter. Clear Street Group Inc. now owns 399,543 shares of the company’s stock valued at $4,135,000 after acquiring an additional 84,611 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in GSR IV Acquisition during the 3rd quarter worth approximately $12,162,000. Alpine Global Management LLC bought a new stake in GSR IV Acquisition during the 3rd quarter worth approximately $2,838,000. Berkley W R Corp purchased a new stake in shares of GSR IV Acquisition in the third quarter worth approximately $3,016,000. Finally, Linden Advisors LP purchased a new stake in shares of GSR IV Acquisition in the third quarter worth approximately $12,669,000.

GSR IV Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.