In the latest trading session, 1.21 million Mountain Crest Acquisition Corp IV (NASDAQ:MCAF) shares changed hands as the company’s beta touched -0.28. With the company’s most recent per share price at $10.00 changing hands around $3.0 or 42.86% at last look, the market valuation stands at $33.10M. MCAF’s current price is a discount, trading about -21.1% off its 52-week high of $12.11. The share price had its 52-week low at $5.59, which suggests the last value was 44.1% up since then. When we look at Mountain Crest Acquisition Corp IV’s average trading volume, we note the 10-day average is 14320.0 shares, with the 3-month average coming to 11.93K.
Mountain Crest Acquisition Corp IV (NASDAQ:MCAF) trade information
Instantly MCAF is in green as seen in intraday trades today. With action 18.34%, the performance over the past five days has been green. The jump to weekly highs of 12.50 on Monday, 11/20/23 added 42.86% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.99%, with the 5-day performance at 18.34% in the green. However, in the 30-day time frame, Mountain Crest Acquisition Corp IV (NASDAQ:MCAF) is -7.24% down. Looking at the short shares, we see there were 5890.0 shares sold at short interest cover period of 0.72 days.
Mountain Crest Acquisition Corp IV is expected to release its next quarterly earnings report in December.
Mountain Crest Acquisition Corp IV (NASDAQ:MCAF)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 32.15% of Mountain Crest Acquisition Corp IV shares while 53.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.16%. There are 53.71% institutions holding the Mountain Crest Acquisition Corp IV stock share, with Karpus Management, Inc. the top institutional holder. As of Jun 29, 2023, the company held 7.77% of the shares, roughly 0.4 million MCAF shares worth $4.19 million.
Hudson Bay Capital Management Lp holds the second largest percentage of outstanding shares, with 4.88% or 0.25 million shares worth $2.63 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Dec 30, 2022 were RiverNorth Capital & Income Fund, Inc. and Listed Funds Tr-Morgan Creek-Exos Active SPAC Arbitrage ETF. With 15335.0 shares estimated at $0.15 million under it, the former controlled 0.30% of total outstanding shares. On the other hand, Listed Funds Tr-Morgan Creek-Exos Active SPAC Arbitrage ETF held about 0.10% of the shares, roughly 5000.0 shares worth around $50500.0.