GSR IV Acquisition (NASDAQ:GSRFU) Trading 1% Higher – Here’s What Happened

GSR IV Acquisition Corp. (NASDAQ:GSRFU) traded up 1% during mid-day trading on Tuesday . The company traded as high as $10.61 and last traded at $10.50. 2,595 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 9,000 shares. The stock had previously closed at $10.40.

GSR IV Acquisition Price Performance

The stock’s fifty day moving average price is $10.34 and its 200-day moving average price is $10.37.

Institutional Trading of GSR IV Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of GSRFU. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in GSR IV Acquisition during the third quarter worth $2,735,000. Gabelli Funds LLC acquired a new position in GSR IV Acquisition during the third quarter worth $2,332,000. Picton Mahoney Asset Management acquired a new position in GSR IV Acquisition during the third quarter worth $6,588,000. Polar Asset Management Partners Inc. acquired a new position in GSR IV Acquisition during the third quarter worth $12,162,000. Finally, Berkley W R Corp acquired a new position in GSR IV Acquisition during the third quarter worth $3,016,000.

GSR IV Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.