Verition Fund Management LLC lowered its stake in DP Cap Acquisition Corp I (NASDAQ:DPCS – Get Rating) by 26.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 403,680 shares of the company's stock after selling 146,732 shares during the quarter. Verition Fund Management LLC owned about 1.40% of DP Cap Acquisition Corp I worth $4,073,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Royal Bank of Canada acquired a new stake in DP Cap Acquisition Corp I during the 1st quarter valued at approximately $30,000. Glazer Capital LLC acquired a new position in shares of DP Cap Acquisition Corp I in the 1st quarter worth approximately $431,000. Citigroup Inc. acquired a new position in shares of DP Cap Acquisition Corp I in the 1st quarter worth approximately $681,000. Aristeia Capital LLC grew its position in shares of DP Cap Acquisition Corp I by 10.0% in the 2nd quarter. Aristeia Capital LLC now owns 825,000 shares of the company's stock worth $8,192,000 after acquiring an additional 75,000 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in shares of DP Cap Acquisition Corp I in the 1st quarter worth approximately $746,000. Institutional investors and hedge funds own 68.22% of the company's stock.

DP Cap Acquisition Corp I Stock Performance

Shares of DPCS opened at $10.38 on Friday. The stock has a 50 day moving average of $10.31 and a 200-day moving average of $10.18. DP Cap Acquisition Corp I has a 52 week low of $9.86 and a 52 week high of $10.38.

DP Cap Acquisition Corp I Company Profile

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DP Cap Acquisition Corp I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the tech-enabled consumer and technology sectors. DP Cap Acquisition Corp I was incorporated in 2021 and is based in Boston, Massachusetts.

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