MELI Kaszek Pioneer Corp (NASDAQ:MEKA – Get Rating) was up 0.3% during mid-day trading on Wednesday . The stock traded as high as $9.96 and last traded at $9.96. Approximately 221 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 70,214 shares. The stock had previously closed at $9.93.

MELI Kaszek Pioneer Stock Up 0.3 %

The firm's 50 day moving average price is $9.90 and its 200-day moving average price is $9.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Walleye Trading LLC lifted its position in MELI Kaszek Pioneer by 17.6% during the second quarter. Walleye Trading LLC now owns 52,122 shares of the company's stock valued at $516,000 after purchasing an additional 7,812 shares during the period. Walleye Capital LLC bought a new position in MELI Kaszek Pioneer in the first quarter worth approximately $811,000. Radcliffe Capital Management L.P. bought a new position in MELI Kaszek Pioneer in the first quarter worth approximately $510,000. UBS Group AG raised its position in MELI Kaszek Pioneer by 102.0% in the third quarter. UBS Group AG now owns 4,796 shares of the company's stock worth $47,000 after acquiring an additional 2,422 shares during the period. Finally, Penserra Capital Management LLC bought a new position in MELI Kaszek Pioneer in the first quarter worth approximately $29,000. Institutional investors own 63.08% of the company's stock.

About MELI Kaszek Pioneer

MELI Kaszek Pioneer Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was incorporated in 2021 and is based in Miami, Florida.

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