Onyx Acquisition Co. I (NASDAQ:ONYX) Trading Up 0.2%

Onyx Acquisition Co. I (NASDAQ:ONYX) was up 0.2% during mid-day trading on Tuesday . The stock traded as high as $10.92 and last traded at $10.92. Approximately 367 shares traded hands during trading, a decline of 99% from the average daily volume of 31,351 shares. The stock had previously closed at $10.90.

Onyx Acquisition Co. I Stock Performance

The company has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $10.80.

Institutional Investors Weigh In On Onyx Acquisition Co. I

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp purchased a new stake in Onyx Acquisition Co. I in the 1st quarter valued at approximately $202,000. Rivernorth Capital Management LLC purchased a new stake in Onyx Acquisition Co. I in the 1st quarter valued at approximately $274,000. Basso Capital Management L.P. lifted its stake in Onyx Acquisition Co. I by 452.6% in the 1st quarter. Basso Capital Management L.P. now owns 32,142 shares of the company’s stock valued at $321,000 after buying an additional 26,326 shares in the last quarter. Glazer Capital LLC purchased a new stake in Onyx Acquisition Co. I in the 1st quarter valued at approximately $356,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Onyx Acquisition Co. I in the 1st quarter valued at approximately $499,000. Institutional investors and hedge funds own 36.57% of the company’s stock.

Onyx Acquisition Co. I Company Profile

Onyx Acquisition Co 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 focus on construction technology and general industrials.