Global Technology Acquisition Corp. I (NASDAQ:GTAC) Shares Down 0.2% – Here’s Why

Global Technology Acquisition Corp. I (NASDAQ:GTAC) fell 0.2% during trading on Friday . The company traded as low as $11.48 and last traded at $11.48. 113 shares were traded during mid-day trading, a decline of 99% from the average session volume of 13,177 shares. The stock had previously closed at $11.50.

Global Technology Acquisition Corp. I Trading Down 0.2 %

The business’s fifty day moving average is $11.51 and its two-hundred day moving average is $11.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Technology Acquisition Corp. I stock. Maverick Capital Ltd. acquired a new position in Global Technology Acquisition Corp. I (NASDAQ:GTAC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,200,000 shares of the company’s stock, valued at approximately $13,548,000. Maverick Capital Ltd. owned approximately 16.93% of Global Technology Acquisition Corp. I at the end of the most recent reporting period. Institutional investors and hedge funds own 18.83% of the company’s stock.

About Global Technology Acquisition Corp. I

Global Technology Acquisition Corp. I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify a business combination target within marketplaces, FinTech, and SaaS companies in Europe, Latam, and the United States.