BDCIU (NASDAQ:BDCIU – Get Free Report)’s stock price was down 0.3% on Thursday. The company traded as low as $10.27 and last traded at $10.27. 315 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 8,773 shares. The stock had previously closed at $10.30.
BDCIU Stock Performance
The firm’s 50 day moving average is $10.20 and its 200-day moving average is $10.16.
Hedge Funds Weigh In On BDCIU
A hedge fund recently bought a new position in BDCIU stock. Lineage Point Capital LP purchased a new stake in BDCIU (NASDAQ:BDCIU – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,768 shares of the company’s stock, valued at approximately $129,000.
About BDCIU
We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.
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