Investcorp India Acquisition Corp (NASDAQ:IVCA) Position Lowered by Mizuho Securities USA LLC

Mizuho Securities USA LLC lowered its stake in shares of Investcorp India Acquisition Corp (NASDAQ:IVCA) by 33.1% in the third quarter, HoldingsChannel reports. The firm owned 402,758 shares of the company’s stock after selling 199,360 shares during the quarter. Mizuho Securities USA LLC’s holdings in Investcorp India Acquisition were worth $4,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Clear Street LLC bought a new position in shares of Investcorp India Acquisition during the 2nd quarter valued at about $114,000. Virtu Financial LLC acquired a new stake in shares of Investcorp India Acquisition during the first quarter worth approximately $343,000. Quarry LP increased its stake in shares of Investcorp India Acquisition by 23.3% in the second quarter. Quarry LP now owns 61,667 shares of the company’s stock worth $700,000 after acquiring an additional 11,667 shares during the last quarter. Logan Stone Capital LLC purchased a new stake in shares of Investcorp India Acquisition during the 2nd quarter worth about $1,834,000. Finally, Cowen AND Company LLC lifted its stake in Investcorp India Acquisition by 415.9% in the second quarter. Cowen AND Company LLC now owns 411,301 shares of the company’s stock valued at $4,668,000 after acquiring an additional 331,576 shares during the last quarter. Institutional investors own 55.98% of the company’s stock.

Investcorp India Acquisition Stock Performance

IVCA stock opened at $11.68 on Friday. The company has a 50-day moving average of $11.60 and a two-hundred day moving average of $11.47. Investcorp India Acquisition Corp has a 52-week low of $10.88 and a 52-week high of $12.37.

Investcorp India Acquisition Company Profile

Investcorp India Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was formerly known as Investcorp Acquisition Corp.