Blockchain Moon Acquisition Corp. (NASDAQ:BMAQ – Get Rating) saw a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 2,100 shares, a decline of 8.7% from the December 15th total of 2,300 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,900 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Blockchain Moon Acquisition

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in shares of Blockchain Moon Acquisition in the 1st quarter valued at approximately $69,000. Basso Capital Management L.P. lifted its position in Blockchain Moon Acquisition by 6.2% in the first quarter. Basso Capital Management L.P. now owns 53,087 shares of the company's stock worth $524,000 after buying an additional 3,087 shares during the last quarter. UBS Group AG purchased a new position in Blockchain Moon Acquisition during the first quarter worth $27,000. Rivernorth Capital Management LLC increased its position in Blockchain Moon Acquisition by 76.4% during the first quarter. Rivernorth Capital Management LLC now owns 150,000 shares of the company's stock valued at $1,479,000 after acquiring an additional 64,966 shares during the last quarter. Finally, Kohlberg Kravis Roberts & Co. L.P. raised its stake in shares of Blockchain Moon Acquisition by 59.7% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 42,380 shares of the company's stock valued at $418,000 after acquiring an additional 15,844 shares during the period. Institutional investors own 78.53% of the company's stock.

Blockchain Moon Acquisition Stock Performance

BMAQ remained flat at $10.36 during trading hours on Tuesday. 633 shares of the company traded hands, compared to its average volume of 1,689. The firm has a 50 day moving average of $10.19 and a 200-day moving average of $10.07. Blockchain Moon Acquisition has a 12 month low of $9.76 and a 12 month high of $10.40.

About Blockchain Moon Acquisition

Blockchain Moon Acquisition Corp. does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to identify and consummate an initial business combination with a company that focuses on blockchain technology.

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