Kadem Sustainable Impact Co. (NASDAQ:KSI – Get Rating) shot up 0.1% on Tuesday . The company traded as high as $9.95 and last traded at $9.95. 46,197 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 38,042 shares. The stock had previously closed at $9.94.

Kadem Sustainable Impact Stock Performance

The stock has a 50-day moving average price of $9.87 and a 200-day moving average price of $9.81.

Institutional Investors Weigh In On Kadem Sustainable Impact

A number of hedge funds have recently modified their holdings of KSI. Marshall Wace LLP raised its holdings in shares of Kadem Sustainable Impact by 43.5% in the 3rd quarter. Marshall Wace LLP now owns 657,719 shares of the company's stock valued at $6,465,000 after acquiring an additional 199,502 shares in the last quarter. Basso Capital Management L.P. lifted its position in Kadem Sustainable Impact by 1.1% in the 1st quarter. Basso Capital Management L.P. now owns 523,263 shares of the company's stock worth $5,102,000 after buying an additional 5,875 shares during the last quarter. Periscope Capital Inc. boosted its stake in Kadem Sustainable Impact by 10.6% in the third quarter. Periscope Capital Inc. now owns 508,071 shares of the company's stock worth $4,990,000 after buying an additional 48,671 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Kadem Sustainable Impact by 66.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 503,094 shares of the company's stock worth $4,905,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Aristeia Capital LLC purchased a new stake in Kadem Sustainable Impact during the first quarter valued at about $4,875,000. Institutional investors own 62.31% of the company's stock.

About Kadem Sustainable Impact

Kadem Sustainable Impact Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to engage in the business of electric vehicle, energy storage and distribution, and mobility technologies.

Further Reading

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