Melar Acquisition Corp. I (NASDAQ:MACI) Stock Holdings Trimmed by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Melar Acquisition Corp. I (NASDAQ:MACI) by 20.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 400,000 shares of the company’s stock after selling 100,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Melar Acquisition Corp. I were worth $4,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MACI. Periscope Capital Inc. bought a new stake in Melar Acquisition Corp. I in the third quarter valued at about $2,497,000. Glazer Capital LLC bought a new position in shares of Melar Acquisition Corp. I during the third quarter valued at approximately $3,748,000. Berkley W R Corp bought a new position in shares of Melar Acquisition Corp. I during the third quarter valued at approximately $1,991,000. Polar Asset Management Partners Inc. bought a new position in shares of Melar Acquisition Corp. I during the third quarter valued at approximately $14,843,000. Finally, Rivernorth Capital Management LLC bought a new position in shares of Melar Acquisition Corp. I during the third quarter valued at approximately $2,912,000.

Melar Acquisition Corp. I Stock Up 0.7 %

NASDAQ:MACI opened at $10.31 on Monday. The stock has a 50 day moving average of $10.18 and a 200-day moving average of $10.08. Melar Acquisition Corp. I has a 52 week low of $9.95 and a 52 week high of $10.31.

Melar Acquisition Corp. I Profile

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.