DP Cap Acquisition Corp I (NASDAQ:DPCS) Trading 0.5% Higher

DP Cap Acquisition Corp I (NASDAQ:DPCS)’s share price was up 0.5% during mid-day trading on Wednesday . The company traded as high as $11.30 and last traded at $11.30. Approximately 421 shares were traded during trading, a decline of 98% from the average daily volume of 23,990 shares. The stock had previously closed at $11.24.

DP Cap Acquisition Corp I Stock Performance

The stock’s fifty day simple moving average is $11.20 and its 200-day simple moving average is $11.06.

Institutional Investors Weigh In On DP Cap Acquisition Corp I

A number of hedge funds have recently added to or reduced their stakes in DPCS. Quarry LP purchased a new stake in shares of DP Cap Acquisition Corp I in the 4th quarter valued at approximately $268,000. K2 Principal Fund L.P. purchased a new stake in shares of DP Cap Acquisition Corp I in the 1st quarter valued at approximately $1,060,000. Finally, Mizuho Securities USA LLC purchased a new stake in shares of DP Cap Acquisition Corp I in the 4th quarter valued at approximately $2,165,000. 40.45% of the stock is currently owned by institutional investors and hedge funds.

DP Cap Acquisition Corp I Company Profile

DP Cap Acquisition Corp I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire companies in the tech-enabled consumer and technology sectors.