BlueRiver Acquisition (NYSE:BLUA) Shares Up 0.5%

BlueRiver Acquisition Corp. (NYSE:BLUA – Get Rating)’s share price shot up 0.5% on Friday . The company traded as high as $10.26 and last traded at $10.26. 31,997 shares changed hands during trading, a decline of 72% from the average session volume of 112,785 shares. The stock had previously closed at $10.21.

BlueRiver Acquisition Price Performance

The business has a fifty day moving average of $10.19 and a 200-day moving average of $10.11.

Hedge Funds Weigh In On BlueRiver Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Saba Capital Management L.P. boosted its stake in shares of BlueRiver Acquisition by 10.0% during the 3rd quarter. Saba Capital Management L.P. now owns 490,149 shares of the company’s stock worth $4,860,000 after acquiring an additional 44,426 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of BlueRiver Acquisition by 154.3% during the 3rd quarter. Hsbc Holdings PLC now owns 1,136,980 shares of the company’s stock worth $11,256,000 after acquiring an additional 689,841 shares in the last quarter. First Trust Capital Management L.P. boosted its stake in shares of BlueRiver Acquisition by 356.0% during the 3rd quarter. First Trust Capital Management L.P. now owns 784,529 shares of the company’s stock worth $7,767,000 after acquiring an additional 612,476 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of BlueRiver Acquisition by 20.5% in the third quarter. Bank of Montreal Can now owns 293,310 shares of the company’s stock valued at $2,904,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Glazer Capital LLC lifted its holdings in shares of BlueRiver Acquisition by 4.3% in the third quarter. Glazer Capital LLC now owns 2,820,971 shares of the company’s stock valued at $27,928,000 after purchasing an additional 116,000 shares in the last quarter. 76.83% of the stock is owned by institutional investors.

About BlueRiver Acquisition

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Blueriver Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of technology, media, telecom, and entertainment industries.