Bowen Acquisition (NASDAQ:BOWN) Trading 0.1% Higher

Bowen Acquisition Corp (NASDAQ:BOWN) shares shot up 0.1% during trading on Thursday . The stock traded as high as $10.46 and last traded at $10.46. 4,898 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 41,269 shares. The stock had previously closed at $10.45.

Bowen Acquisition Price Performance

The company has a 50 day moving average price of $10.41 and a 200 day moving average price of $10.33.

Hedge Funds Weigh In On Bowen Acquisition

A number of institutional investors have recently modified their holdings of BOWN. Robinson Capital Management LLC acquired a new stake in shares of Bowen Acquisition in the 4th quarter worth about $52,000. Warberg Asset Management LLC bought a new stake in Bowen Acquisition during the 3rd quarter worth approximately $102,000. Clear Street LLC raised its stake in shares of Bowen Acquisition by 371.4% in the fourth quarter. Clear Street LLC now owns 17,457 shares of the company’s stock worth $180,000 after purchasing an additional 13,754 shares during the last quarter. Radcliffe Capital Management L.P. bought a new position in shares of Bowen Acquisition in the third quarter valued at approximately $147,000. Finally, Karpus Management Inc. lifted its holdings in shares of Bowen Acquisition by 41.3% in the fourth quarter. Karpus Management Inc. now owns 328,690 shares of the company’s stock valued at $3,392,000 after purchasing an additional 96,000 shares in the last quarter. 59.34% of the stock is owned by institutional investors and hedge funds.

Bowen Acquisition Company Profile

Bowen Acquisition Corp intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.