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Parallax Volatility Advisers L.P. Invests $1.71 Million in Swiftmerge Acquisition Corp. (NASDAQ:IVCP)

Defense World ·  Mar 19, 2023 04:34

Parallax Volatility Advisers L.P. acquired a new position in shares of Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 172,757 shares of the company's stock, valued at approximately $1,714,000. Parallax Volatility Advisers L.P. owned approximately 0.61% of Swiftmerge Acquisition at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Caas Capital Management LP increased its holdings in shares of Swiftmerge Acquisition by 17.5% during the third quarter. Caas Capital Management LP now owns 1,877,200 shares of the company's stock worth $18,622,000 after buying an additional 280,000 shares in the last quarter. Shaolin Capital Management LLC increased its holdings in shares of Swiftmerge Acquisition by 6.8% during the third quarter. Shaolin Capital Management LLC now owns 1,212,512 shares of the company's stock worth $12,028,000 after buying an additional 77,020 shares in the last quarter. Aristeia Capital LLC acquired a new stake in shares of Swiftmerge Acquisition during the third quarter worth approximately $432,000. Ergoteles LLC acquired a new stake in shares of Swiftmerge Acquisition during the third quarter worth approximately $238,000. Finally, Clear Street LLC increased its holdings in shares of Swiftmerge Acquisition by 792.4% during the third quarter. Clear Street LLC now owns 2,918 shares of the company's stock worth $29,000 after buying an additional 2,591 shares in the last quarter. Institutional investors and hedge funds own 60.30% of the company's stock.

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Swiftmerge Acquisition Price Performance

Shares of Swiftmerge Acquisition stock opened at $10.27 on Friday. The firm has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $10.09. Swiftmerge Acquisition Corp. has a fifty-two week low of $9.75 and a fifty-two week high of $10.79.

Swiftmerge Acquisition Company Profile

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Swiftmerge Acquisition Corp. 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 or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.

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