Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Short Interest Update

Blue Water Acquisition Corp. III (NASDAQ:BLUWUGet Free Report) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 970 shares, a drop of 37.8% from the May 31st total of 1,560 shares. Based on an average daily trading volume, of 2,246 shares, the days-to-cover ratio is presently 0.4 days.

Blue Water Acquisition Corp. III Stock Performance

Shares of Blue Water Acquisition Corp. III stock remained flat at $10.48 during trading on Thursday. The company’s 50-day moving average is $10.57 and its 200-day moving average is $10.57. Blue Water Acquisition Corp. III has a 52-week low of $10.00 and a 52-week high of $12.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC bought a new stake in shares of Blue Water Acquisition Corp. III during the third quarter valued at approximately $100,000. Susquehanna International Group LLP bought a new position in Blue Water Acquisition Corp. III in the 3rd quarter worth approximately $158,000. Jane Street Group LLC acquired a new stake in Blue Water Acquisition Corp. III in the 2nd quarter valued at approximately $197,000. Clear Street Group Inc. acquired a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $1,037,000. Finally, Anson Funds Management LP bought a new stake in Blue Water Acquisition Corp. III during the 4th quarter valued at $1,055,000.

About Blue Water Acquisition Corp. III

(Get Free Report)

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.

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