Verition Fund Management LLC boosted its holdings in shares of DP Cap Acquisition Corp I (NASDAQ:DPCS – Get Rating) by 171.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,412 shares of the company's stock after acquiring an additional 348,012 shares during the period. Verition Fund Management LLC owned about 1.91% of DP Cap Acquisition Corp I worth $5,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Karpus Management Inc. purchased a new position in shares of DP Cap Acquisition Corp I in the 1st quarter worth approximately $484,000. Aristeia Capital LLC grew its holdings in DP Cap Acquisition Corp I by 10.0% in the second quarter. Aristeia Capital LLC now owns 825,000 shares of the company's stock worth $8,192,000 after purchasing an additional 75,000 shares during the last quarter. MMCAP International Inc. SPC acquired a new position in shares of DP Cap Acquisition Corp I during the first quarter worth $1,493,000. Saba Capital Management L.P. lifted its holdings in shares of DP Cap Acquisition Corp I by 38.5% during the 1st quarter. Saba Capital Management L.P. now owns 1,175,348 shares of the company's stock valued at $11,695,000 after purchasing an additional 326,984 shares during the last quarter. Finally, Spring Creek Capital LLC purchased a new stake in shares of DP Cap Acquisition Corp I during the 1st quarter valued at $2,237,000. 63.89% of the stock is currently owned by institutional investors.

DP Cap Acquisition Corp I Price Performance

Shares of NASDAQ:DPCS opened at $10.23 on Thursday. The business's 50-day moving average is $10.16 and its 200 day moving average is $10.05. DP Cap Acquisition Corp I has a 1 year low of $9.73 and a 1 year high of $10.23.

DP Cap Acquisition Corp I Profile

DP Cap Acquisition Corp I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the tech-enabled consumer and technology sectors. DP Cap Acquisition Corp I was incorporated in 2021 and is based in Boston, Massachusetts.

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