Castle Creek Arbitrage LLC acquired a new position in shares of Monocle Acquisition Corporation (OTCMKTS:MNCLU) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,511,000. Monocle Acquisition accounts for 0.6% of Castle Creek Arbitrage LLC’s holdings, making the stock its 29th biggest holding.
Other institutional investors have also modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Monocle Acquisition in the 1st quarter valued at about $160,000. Myriad Asset Management Ltd. bought a new position in Monocle Acquisition during the first quarter worth about $1,255,000. Gabelli Funds LLC bought a new position in Monocle Acquisition during the first quarter worth about $2,527,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Monocle Acquisition during the first quarter worth approximately $2,866,000. Finally, Periscope Capital Inc. acquired a new stake in Monocle Acquisition during the first quarter worth approximately $6,379,000.
MNCLU stock traded down $0.03 during mid-day trading on Friday, hitting $10.25. 100,000 shares of the company were exchanged, compared to its average volume of 55,154. Monocle Acquisition Corporation has a 1-year low of $10.00 and a 1-year high of $10.28.
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Monocle Acquisition Profile
Monocle Acquisition Corporation intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in the aerospace and defense, industrial, and technology and telecommunications sectors. The company was founded in 2018 and is based in New York, New York.
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