Global Technology Acquisition Corp. I (NASDAQ:GTAC) Shares Down 0.6%

Global Technology Acquisition Corp. I (NASDAQ:GTAC) was down 0.6% during mid-day trading on Wednesday . The company traded as low as $10.72 and last traded at $10.74. Approximately 300 shares traded hands during trading, a decline of 100% from the average daily volume of 100,944 shares. The stock had previously closed at $10.80.

Global Technology Acquisition Corp. I Stock Down 0.6 %

The company’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.70.

Hedge Funds Weigh In On Global Technology Acquisition Corp. I

Several institutional investors have recently made changes to their positions in GTAC. Glazer Capital LLC raised its stake in Global Technology Acquisition Corp. I by 13.3% during the 1st quarter. Glazer Capital LLC now owns 1,206,717 shares of the company’s stock worth $12,610,000 after acquiring an additional 141,350 shares during the period. First Trust Capital Management L.P. raised its stake in Global Technology Acquisition Corp. I by 282.8% during the 1st quarter. First Trust Capital Management L.P. now owns 1,184,595 shares of the company’s stock worth $12,391,000 after acquiring an additional 875,179 shares during the period. Millennium Management LLC raised its stake in Global Technology Acquisition Corp. I by 138.7% during the 2nd quarter. Millennium Management LLC now owns 1,085,100 shares of the company’s stock worth $10,808,000 after acquiring an additional 630,500 shares during the period. Periscope Capital Inc. raised its stake in Global Technology Acquisition Corp. I by 341.6% during the 1st quarter. Periscope Capital Inc. now owns 884,443 shares of the company’s stock worth $9,251,000 after acquiring an additional 684,143 shares during the period. Finally, Quarry LP bought a new stake in Global Technology Acquisition Corp. I during the 1st quarter worth approximately $4,586,000. Institutional investors own 5.84% of the company’s stock.

Global Technology Acquisition Corp. I Company Profile

Global Technology Acquisition Corp. I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is headquartered in New York, New York.