Innovative International Acquisition (NASDAQ:IOACU) Trading 9.9% Higher

Innovative International Acquisition Corp. (NASDAQ:IOACU)’s stock price traded up 9.9% on Friday . The company traded as high as $9.78 and last traded at $9.78. 3,171 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 2,541 shares. The stock had previously closed at $8.90.

Innovative International Acquisition Price Performance

The stock has a 50-day moving average of $10.10 and a two-hundred day moving average of $10.68.

Institutional Investors Weigh In On Innovative International Acquisition

An institutional investor recently raised its position in Innovative International Acquisition stock. Cubist Systematic Strategies LLC increased its holdings in Innovative International Acquisition Corp. (NASDAQ:IOACU) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,009 shares of the company’s stock after acquiring an additional 5,729 shares during the period. Cubist Systematic Strategies LLC’s holdings in Innovative International Acquisition were worth $1,724,000 at the end of the most recent reporting period.

Innovative International Acquisition Company Profile

Innovative International Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business transaction with one or more businesses in consumer technology, healthcare, information technology services, and enterprise software as a service.