During December, there was a sizeable drop in the total number of short positions held in UTA Acquisition Co. (NASDAQ: UTAA). There was a total short interest of 8,500 shares as of the 15th of December, representing a decrease of 66.0% from the 25,000 shares shorted as of the 30th of November. Based on an average daily trading volume of 77,000 shares, the days-to-cover ratio currently sits at 0.1 days. This number was arrived at. The data was utilized to arrive at this conclusion.
The cost of purchasing one share of UTAA increased by $0.01 on Wednesday, bringing the total price to $10.21. The number of shares traded by the company was 9,646, significantly lower than the daily volume of 106,968 shares. Moving averages for the past 50 days at the company are $10.14, and moving averages for the past 200 days are $10.02. UTA Acquisition has sold for anywhere between $9.72 and $10.31 per share over the previous year.
A variety of institutional investors, including hedge funds and other types of investment vehicles, have made recent adjustments to the stock holdings they have in their portfolios. During the third quarter, Fort Baker Capital Management LP increased the amount of UTA Acquisition stock owned by 0.4%, bringing its total ownership to 100%. Fort Baker Capital Management LP now has 1,784,266 shares of the company’s stock, which are currently valued at $17,879,000 after acquiring an additional 7,200 shares during the period in question. Robinson Capital Management LLC increased its stake in UTA Acquisition by purchasing an additional 120 000 shares during the third quarter, bringing the total value of its holdings to approximately 120 000 USD. During the third quarter of the year, Cars Capital Management LP participated in an investment by making a contribution of $151,000 to UTA Acquisition. During the second quarter, Walleye Capital LLC successfully increased the proportion of ownership in UTA Acquisition by 15.7%. Walleye Capital LLC now owns 144,525 shares of the company’s stock, collectively valued at a total of $1,434,000. This results from the company purchasing an additional 19,648 shares during the period. And finally, during the second quarter, Virtu Financial LLC invested 246,000 dollars in bolstering its holdings in UTA Acquisition. Institutional investors and hedge funds collectively own 68.04% of the total number of shares in the company, making up the majority of the shareholders.
UTA Acquisition Corporation only employs a small fraction of the total population in the United States. The company’s primary goal is to participate in some kind of corporate combination with one or more other businesses, such as a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar corporate combination. This could be a merger, share exchange, asset acquisition, purchase, or reorganization. It plans to give organizations that operate in the gaming, digital media, creator economy, entertainment, and technology sectors the primary focus of its attention in its search for an appropriate target company.
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