Yorkville Acquisition (NASDAQ:YORKU) Stock Price Up 0.4% – Time to Buy?

Yorkville Acquisition Corp. (NASDAQ:YORKU)’s share price rose 0.4% during mid-day trading on Friday . The stock traded as high as $10.45 and last traded at $10.45. Approximately 100 shares were traded during mid-day trading, a decline of 100% from the average session volume of 231,509 shares. The stock had previously closed at $10.4101.

Yorkville Acquisition Stock Performance

The business’s 50 day moving average is $10.33 and its 200 day moving average is $10.30.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. LMR Partners LLP purchased a new stake in shares of Yorkville Acquisition in the second quarter worth approximately $4,500,000. Hudson Bay Capital Management LP purchased a new position in Yorkville Acquisition during the 2nd quarter valued at $3,375,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Yorkville Acquisition in the 2nd quarter valued at $2,250,000. Radcliffe Capital Management L.P. bought a new position in Yorkville Acquisition in the 2nd quarter valued at $1,688,000. Finally, Whitebox Advisors LLC bought a new position in Yorkville Acquisition in the 2nd quarter valued at $1,125,000.

About Yorkville Acquisition

Yorkville Acquisition Corp. is a special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Incorporated in the Cayman Islands with principal executive offices in New York, the company is listed on the Nasdaq under the ticker YORKU, representing its publicly traded units.

The company’s primary business activity is to identify and acquire a target business or businesses that can benefit from strategic guidance and access to public market capital.