Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Short Interest Update

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1 shares, a decline of 99.8% from the June 15th total of 564 shares. Based on an average daily trading volume, of 12,623 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Blue Acquisition Corp/Cayman

A hedge fund recently raised its stake in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank increased its holdings in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,773 shares of the company’s stock after purchasing an additional 127,773 shares during the quarter. Toronto Dominion Bank’s holdings in Blue Acquisition Corp/Cayman were worth $2,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Blue Acquisition Corp/Cayman Price Performance

NASDAQ:BACCU remained flat at $11.25 during midday trading on Friday. 10 shares of the company were exchanged, compared to its average volume of 17,501. The company’s 50 day moving average is $10.85. Blue Acquisition Corp/Cayman has a 52 week low of $10.01 and a 52 week high of $11.75.

About Blue Acquisition Corp/Cayman

Blue Acquisition Corp/Cayman (NASDAQ: BACCU) is a special purpose acquisition company (SPAC) formed as an exempted company under the laws of the Cayman Islands and listed on the NASDAQ Stock Market. The company has issued units under the BACCU ticker and, like other SPACs, was created to raise capital through an initial public offering for the purpose of effecting a business combination.

As a blank?check acquisition vehicle, Blue Acquisition Corp does not operate commercial businesses or sell products or services.