Spartan Fund Management Inc. acquired a new stake in Innovative International Acquisition Corp. (NASDAQ:IOAC – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 68,211 shares of the company's stock, valued at approximately $692,000.

A number of other large investors have also added to or reduced their stakes in the business. Millennium Management LLC raised its holdings in Innovative International Acquisition by 5.0% in the 2nd quarter. Millennium Management LLC now owns 1,049,419 shares of the company's stock valued at $10,515,000 after buying an additional 49,982 shares during the last quarter. Cantor Fitzgerald L. P. bought a new position in Innovative International Acquisition during the 1st quarter worth approximately $6,500,000. Sculptor Capital LP bought a new position in Innovative International Acquisition during the 1st quarter worth approximately $6,151,000. Polar Asset Management Partners Inc. bought a new position in Innovative International Acquisition during the 1st quarter worth approximately $6,000,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Innovative International Acquisition during the 1st quarter worth approximately $4,000,000. Institutional investors own 62.14% of the company's stock.

Innovative International Acquisition Price Performance

Shares of NASDAQ:IOAC remained flat at $10.31 during mid-day trading on Wednesday. 6,384 shares of the stock traded hands, compared to its average volume of 2,047. The company has a 50 day moving average of $10.24 and a two-hundred day moving average of $10.14. Innovative International Acquisition Corp. has a 12 month low of $9.86 and a 12 month high of $10.60.

Innovative International Acquisition Company Profile

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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