GSR IV Acquisition Corp. (NASDAQ:GSRFU – Get Free Report) rose 1.1% during mid-day trading on Friday . The company traded as high as $10.43 and last traded at $10.3850. Approximately 40,134 shares changed hands during mid-day trading, an increase of 337% from the average daily volume of 9,181 shares. The stock had previously closed at $10.27.
GSR IV Acquisition Stock Up 1.1%
The firm has a 50 day moving average of $10.27 and a 200-day moving average of $10.37.
Hedge Funds Weigh In On GSR IV Acquisition
A number of hedge funds and other institutional investors have recently made changes to their positions in GSRFU. Readystate Asset Management LP bought a new stake in shares of GSR IV Acquisition in the third quarter valued at about $101,000. TrueMark Investments LLC bought a new position in GSR IV Acquisition during the 3rd quarter worth about $101,000. JPMorgan Chase & Co. purchased a new position in GSR IV Acquisition during the 3rd quarter valued at about $167,000. Bulldog Investors LLP purchased a new position in GSR IV Acquisition during the 3rd quarter valued at about $428,000. Finally, Clear Street Group Inc. raised its holdings in shares of 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 purchasing an additional 84,611 shares in the last quarter.
About GSR IV Acquisition
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.
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