According to the most recent Form 13F submitted to the Securities and Exchange Commission, Citadel Advisors LLC liquidated 5.5% of its position in Gores Holdings IX, INC (NASDAQ: GHIX) during the third quarter.
The company disclosed this information. Following the transaction that took place during that period, the company had a total of 1,875,010 shares of the company’s stock in its possession. However, it had previously sold 109,093 of those shares. Citadel Advisors LLC disclosed to the Securities and Exchange Commission (SEC) in its most recent report that the company held 2.86% of Gores Holdings IX, which at the time had a market value of $18,150,000.
The NASDAQ: GHIX stock started trading for $10.04 on Friday when the market opened.
The moving average price of the share of stock over the previous fifty days is $9.97, and the moving average price of the share over the previous two hundred days is $9.82.
The price of Gores Holdings IX, INC reached a one-year low of $9.60 and a one-year high of the same price during that period.
There have also been transactions involving hedge funds and other institutional investors buying and selling corporate stock.
These transactions have taken place. Nomura Holdings INC made a new investment of $21,685,000 during the second quarter in Gores Holdings IX.
To acquire a new stake in Gores Holdings IX during the second quarter, Deutsche Bank AG forked over $7,703,000 to make the necessary investments.
As of the end of the third quarter, the Bank of Montreal Can have a holding in Gores Holdings IX that was 73.8% larger than at the beginning.
Bank of Montreal now holds 537,379 shares, valued at $5,213,000, following the acquisition of 228,166 shares during the most recent quarter.
By purchasing additional shares, Farallon Capital Management LLC invested in Gores Holdings IX, amounting to $4,890,000.
This was accomplished during the first three months of the year.
A brand new investment of $4,890,000 was made in Gores Holdings IX during the first three months of the year by Spring Creek Capital LLC This is the last, but not the least, of the news.
Institutional investors own the company’s stock at 74.67%.
Gores Holdings IX, INC is exploring the possibility of combining operations with one or more companies as part of a business transaction such as a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or any other business combination that is functionally equivalent.
The company, which currently has its headquarters in Boulder, located in the state of Colorado, did not officially start its operations until 2021.
Are you curious as to which other hedge funds have positions in GHIX? If so, this information might be of interest to you. You can view the most recent 13F filings and insider transactions involving Gores Holdings IX, INC by visiting HoldingsChannel.com (NASDAQ: GHIX).
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