Bowen Acquisition (NASDAQ:BOWN) Stock Price Up 0.1%

Bowen Acquisition Corp (NASDAQ:BOWN)’s stock price rose 0.1% during trading on Thursday . The stock traded as high as $10.46 and last traded at $10.46. Approximately 4,898 shares were traded during trading, a decline of 88% from the average daily volume of 41,269 shares. The stock had previously closed at $10.45.

Bowen Acquisition Trading Up 0.1 %

The firm’s fifty day moving average is $10.41 and its 200 day moving average is $10.33.

Hedge Funds Weigh In On Bowen Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. Periscope Capital Inc. bought a new position in shares of Bowen Acquisition during the third quarter valued at approximately $5,812,000. Bulldog Investors LLP boosted its stake in shares of Bowen Acquisition by 47.2% during the fourth quarter. Bulldog Investors LLP now owns 347,478 shares of the company’s stock valued at $3,586,000 after purchasing an additional 111,478 shares in the last quarter. Karpus Management Inc. boosted its stake in shares of Bowen Acquisition by 41.3% during the fourth quarter. Karpus Management Inc. now owns 328,690 shares of the company’s stock valued at $3,392,000 after purchasing an additional 96,000 shares in the last quarter. Schechter Investment Advisors LLC bought a new position in shares of Bowen Acquisition during the fourth quarter valued at approximately $3,109,000. Finally, Cowen AND Company LLC bought a new position in shares of Bowen Acquisition during the third quarter valued at approximately $2,780,000. 59.34% of the stock is currently owned by institutional investors.

About Bowen Acquisition

Bowen Acquisition Corp intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.