 Shares of Blue World Acquisition Co. (NASDAQ:BWAQ – Get Free Report) rose 0.3% on Thursday . The stock traded as high as $11.27 and last traded at $11.26. Approximately 50,416 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 42,172 shares. The stock had previously closed at $11.23.

The company has a 50 day simple moving average of $11.22 and a two-hundred day simple moving average of $11.09.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC boosted its stake in Blue World Acquisition by 1.4% in the 4th quarter. Mizuho Securities USA LLC now owns 298,591 shares of the company’s stock worth $3,255,000 after purchasing an additional 4,007 shares during the period. Berkley W R Corp raised its holdings in shares of Blue World Acquisition by 50.9% during the 1st quarter. Berkley W R Corp now owns 284,676 shares of the company’s stock worth $3,183,000 after acquiring an additional 95,999 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of Blue World Acquisition by 22.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 228,638 shares of the company’s stock worth $2,478,000 after acquiring an additional 41,375 shares in the last quarter. K2 Principal Fund L.P. purchased a new stake in Blue World Acquisition during the 1st quarter valued at $838,000. Finally, Quarry LP purchased a new stake in Blue World Acquisition during the 4th quarter valued at $496,000. 84.61% of the stock is currently owned by institutional investors.

Blue World Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus primarily on businesses in the marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions, and related industry segments.

Blue World Acquisition (NASDAQ:BWAQ) Trading Up 0.3%

Blue World Acquisition Co. (NASDAQ:BWAQ) saw a 0.3% increase in its stock price on May 17, 2024. The company's stock traded at $11.26, with approximately 50,416 shares exchanging hands during mid-day trading. Blue World Acquisition focuses on mergers, acquisitions, and similar business combinations in the marine leisure, cruise, marine infrastructure and engineering, hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions, and related industry segments.