Sculptor Capital LP bought a new position in shares of Innovative International Acquisition Corp. (NASDAQ:IOAC – Get Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 615,152 shares of the company's stock, valued at approximately $6,151,000. Sculptor Capital LP owned approximately 1.92% of Innovative International Acquisition as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IOAC. Saba Capital Management L.P. acquired a new stake in shares of Innovative International Acquisition during the 1st quarter worth about $21,534,000. Highbridge Capital Management LLC acquired a new stake in Innovative International Acquisition in the 1st quarter valued at about $12,088,000. MMCAP International Inc. SPC acquired a new stake in Innovative International Acquisition in the 1st quarter valued at about $8,000,000. Polar Asset Management Partners Inc. acquired a new stake in Innovative International Acquisition in the 1st quarter valued at about $6,000,000. Finally, Context Capital Management LLC acquired a new stake in Innovative International Acquisition in the 1st quarter valued at about $5,356,000. Institutional investors and hedge funds own 58.12% of the company's stock.

Innovative International Acquisition Stock Performance

IOAC opened at $10.12 on Friday. Innovative International Acquisition Corp. has a 1-year low of $9.86 and a 1-year high of $10.60. The firm has a 50-day moving average price of $10.08 and a two-hundred day moving average price of $10.02.

About Innovative International Acquisition

Innovative International Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business transaction with one or more businesses in consumer technology, healthcare, information technology services, and enterprise software as a service.

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