Investcorp India Acquisition (NASDAQ:IVCA) Shares Up 0.3% – Here’s What Happened

Shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) shot up 0.3% during mid-day trading on Monday . The stock traded as high as $11.90 and last traded at $11.94. 216 shares traded hands during trading, a decline of 70% from the average session volume of 712 shares. The stock had previously closed at $11.90.

Investcorp India Acquisition Stock Performance

The stock has a 50-day moving average price of $11.86 and a 200 day moving average price of $11.69.

Institutional Trading of Investcorp India Acquisition

An institutional investor recently bought a new position in Investcorp India Acquisition stock. Toronto Dominion Bank purchased a new stake in Investcorp India Acquisition Corp (NASDAQ:IVCA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 49,400 shares of the company’s stock, valued at approximately $583,000. Toronto Dominion Bank owned 0.62% of Investcorp India Acquisition as of its most recent filing with the SEC. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

Investcorp India Acquisition Company Profile

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.