Shaolin Capital Management LLC lowered its position in OTR Acquisition Corp. (NASDAQ:OTRA) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 633,606 shares of the company’s stock after selling 58,632 shares during the quarter. Shaolin Capital Management LLC’s holdings in OTR Acquisition were worth $6,361,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of OTRA. Polar Asset Management Partners Inc. purchased a new position in OTR Acquisition in the first quarter worth approximately $5,926,000. Bank of Montreal Can lifted its position in shares of OTR Acquisition by 1,131.0% during the 2nd quarter. Bank of Montreal Can now owns 531,000 shares of the company’s stock worth $5,342,000 after buying an additional 487,864 shares during the last quarter. Karpus Management Inc. lifted its position in shares of OTR Acquisition by 720.3% during the 1st quarter. Karpus Management Inc. now owns 524,148 shares of the company’s stock worth $5,221,000 after buying an additional 460,253 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of OTR Acquisition during the 1st quarter worth approximately $4,537,000. Finally, Berkley W R Corp purchased a new stake in shares of OTR Acquisition during the 1st quarter worth approximately $2,635,000. Institutional investors own 81.43% of the company’s stock.
Shares of NASDAQ:OTRA traded down $0.01 during trading on Thursday, hitting $10.05. 500 shares of the company were exchanged, compared to its average volume of 22,855. OTR Acquisition Corp. has a 12-month low of $9.75 and a 12-month high of $10.50. The firm’s 50 day moving average price is $10.03 and its 200-day moving average price is $10.03.
OTR Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Miami, Florida.
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