Yorkville Acquisition (NASDAQ:YORKU) Stock Price Up 0.9% – Here’s Why

Yorkville Acquisition Corp. (NASDAQ:YORKU)’s share price traded up 0.9% during mid-day trading on Tuesday . The company traded as high as $10.29 and last traded at $10.29. Approximately 1,072 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 231,509 shares. The stock had previously closed at $10.20.

Yorkville Acquisition Stock Performance

The firm’s 50-day moving average is $10.30 and its 200 day moving average is $10.28.

Institutional Trading of Yorkville Acquisition

Several institutional investors have recently made changes to their positions in YORKU. Shaolin Capital Management LLC acquired a new stake in shares of Yorkville Acquisition during the 2nd quarter worth $1,125,000. Radcliffe Capital Management L.P. acquired a new position in Yorkville Acquisition in the second quarter valued at $1,688,000. Hudson Bay Capital Management LP acquired a new position in Yorkville Acquisition in the second quarter valued at $3,375,000. LMR Partners LLP acquired a new position in Yorkville Acquisition in the second quarter valued at $4,500,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Yorkville Acquisition during the second quarter valued at about $2,250,000.

Yorkville Acquisition Company Profile

Yorkville Acquisition Corp. is a special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Incorporated in the Cayman Islands with principal executive offices in New York, the company is listed on the Nasdaq under the ticker YORKU, representing its publicly traded units.

The company’s primary business activity is to identify and acquire a target business or businesses that can benefit from strategic guidance and access to public market capital.