Indigo Acquisition (NASDAQ:INACU) Stock Price Up 0.1% – What’s Next?

Indigo Acquisition Corp. (NASDAQ:INACU) traded up 0.1% during trading on Thursday . The company traded as high as $10.60 and last traded at $10.32. 2,297 shares were traded during mid-day trading, an increase of 177% from the average session volume of 828 shares. The stock had previously closed at $10.31.

Indigo Acquisition Stock Up 0.1%

The company’s 50 day moving average is $10.41 and its 200 day moving average is $10.29.

Hedge Funds Weigh In On Indigo Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. Clear Street Group Inc. purchased a new position in shares of Indigo Acquisition during the third quarter worth approximately $2,004,000. OMERS ADMINISTRATION Corp boosted its holdings in shares of Indigo Acquisition by 212.0% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 200,000 shares of the company’s stock valued at $2,026,000 after purchasing an additional 135,888 shares during the period. Heights Capital Management Inc. bought a new position in Indigo Acquisition in the third quarter worth approximately $1,011,000. Parallax Volatility Advisers L.P. bought a new position in Indigo Acquisition in the third quarter worth approximately $542,000. Finally, Yakira Capital Management Inc. purchased a new position in Indigo Acquisition during the 3rd quarter worth $272,000.

About Indigo Acquisition

Indigo Acquisition Corp. is a blank check company incorporated in Delaware and listed on the Nasdaq under the ticker INACU. The company was formed for the purpose of effecting a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more target businesses.

While Indigo Acquisition has not yet announced a definitive combination, it is structured to seek opportunities in sectors aligned with the expertise of its sponsor, including aerospace, aviation and related industries.