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.
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MCAF Dividends
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.
