Atalaya Capital Management LP bought a new stake in Genesis Growth Tech Acquisition Corp. (NASDAQ:GGAAW – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 200,000 shares of the company's stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GGAAW. Highbridge Capital Management LLC bought a new stake in shares of Genesis Growth Tech Acquisition in the 1st quarter valued at about $128,000. MMCAP International Inc. SPC bought a new stake in shares of Genesis Growth Tech Acquisition in the 1st quarter valued at about $51,000. Finally, Spring Creek Capital LLC bought a new position in Genesis Growth Tech Acquisition during the 1st quarter valued at approximately $30,000.

Genesis Growth Tech Acquisition Price Performance

GGAAW remained flat at $0.40 during midday trading on Friday. The company's stock had a trading volume of 425 shares, compared to its average volume of 80,184. The stock's 50 day simple moving average is $0.35. Genesis Growth Tech Acquisition Corp. has a fifty-two week low of $0.11 and a fifty-two week high of $0.50.

Genesis Growth Tech Acquisition Profile

Genesis Growth Tech Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its efforts on identifying technology companies operating primarily within the consumer internet industry in Europe, Israel, the United Arab Emirates, or the United States.

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