Cowen AND Company LLC Trims Stake in SK Growth Opportunities Co. (NASDAQ:SKGR)

Cowen AND Company LLC cut its stake in shares of SK Growth Opportunities Co. (NASDAQ:SKGR) by 58.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,106 shares of the company’s stock after selling 372,859 shares during the period. Cowen AND Company LLC’s holdings in SK Growth Opportunities were worth $2,893,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SKGR. Virtu Financial LLC purchased a new position in SK Growth Opportunities during the first quarter valued at approximately $1,182,000. Walleye Trading LLC lifted its stake in shares of SK Growth Opportunities by 10.2% during the 1st quarter. Walleye Trading LLC now owns 348,900 shares of the company’s stock valued at $3,855,000 after buying an additional 32,400 shares in the last quarter. Berkley W R Corp bought a new position in SK Growth Opportunities in the 1st quarter worth $1,867,000. Periscope Capital Inc. purchased a new stake in SK Growth Opportunities in the 1st quarter worth $287,000. Finally, Fifth Lane Capital LP bought a new stake in SK Growth Opportunities during the first quarter valued at about $553,000. 92.48% of the stock is currently owned by institutional investors.

SK Growth Opportunities Price Performance

Shares of SK Growth Opportunities stock traded up $0.01 during trading hours on Monday, hitting $11.28. The company’s stock had a trading volume of 204,800 shares, compared to its average volume of 77,543. SK Growth Opportunities Co. has a 12-month low of $10.70 and a 12-month high of $11.60. The business has a 50 day moving average price of $11.19 and a two-hundred day moving average price of $11.12.

SK Growth Opportunities Company Profile

SK Growth Opportunities Corporation 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. The company was incorporated in 2021 and is based in New York, New York.