Kensington Capital Acquisition Corp. V (NYSE:KCGI – Get Rating) dropped 0% on Thursday . The stock traded as low as $10.18 and last traded at $10.19. Approximately 10,966 shares changed hands during trading, a decline of 84% from the average daily volume of 67,227 shares. The stock had previously closed at $10.20.

Kensington Capital Acquisition Corp. V Stock Performance

The company has a 50-day moving average of $10.12 and a two-hundred day moving average of $10.00.

Institutional Investors Weigh In On Kensington Capital Acquisition Corp. V

Hedge funds have recently made changes to their positions in the company. Hartree Partners LP bought a new stake in shares of Kensington Capital Acquisition Corp. V during the second quarter valued at approximately $4,945,000. Dark Forest Capital Management LP bought a new stake in Kensington Capital Acquisition Corp. V in the second quarter worth $449,000. Bank of Montreal Can bought a new stake in Kensington Capital Acquisition Corp. V in the first quarter worth $10,949,000. Kohlberg Kravis Roberts & Co. L.P. boosted its holdings in Kensington Capital Acquisition Corp. V by 55.0% in the second quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 102,407 shares of the company's stock worth $1,013,000 after acquiring an additional 36,321 shares in the last quarter. Finally, PenderFund Capital Management Ltd. bought a new stake in Kensington Capital Acquisition Corp. V in the third quarter worth $442,000.

Kensington Capital Acquisition Corp. V Company Profile

Kensington Capital Acquisition Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Westbury, New York.

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