Shaolin Capital Management LLC lessened its stake in shares of OTR Acquisition Corp. (NASDAQ:OTRA) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and 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 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. UBS Group AG purchased a new stake in OTR Acquisition in the 1st quarter valued at $27,000. Wolverine Asset Management LLC purchased a new stake in OTR Acquisition in the 1st quarter valued at $57,000. Nomura Holdings Inc. purchased a new stake in OTR Acquisition in the 1st quarter valued at $100,000. Landscape Capital Management L.L.C. purchased a new stake in OTR Acquisition in the 2nd quarter valued at $160,000. Finally, HRT Financial LP purchased a new stake in OTR Acquisition in the 1st quarter valued at $209,000. Institutional investors and hedge funds own 81.43% of the company’s stock.
OTRA stock traded down $0.01 on Thursday, hitting $10.05. The company’s stock had a trading volume of 500 shares, compared to its average volume of 22,855. The firm has a 50 day moving average of $10.03 and a two-hundred day moving average of $10.03. OTR Acquisition Corp. has a 1 year low of $9.75 and a 1 year high of $10.50.
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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