Renatus Tactical Acquisition Corp I (NASDAQ:RTACU) Trading Down 1.7% – Time to Sell?

Shares of Renatus Tactical Acquisition Corp I (NASDAQ:RTACU) were down 1.7% during mid-day trading on Monday . The company traded as low as $11.25 and last traded at $11.25. Approximately 1,773 shares traded hands during trading, a decline of 77% from the average daily volume of 7,768 shares. The stock had previously closed at $11.45.

Renatus Tactical Acquisition Corp I Stock Down 1.7%

The stock has a 50 day moving average of $11.23 and a two-hundred day moving average of $11.70.

Hedge Funds Weigh In On Renatus Tactical Acquisition Corp I

A number of institutional investors and hedge funds have recently made changes to their positions in RTACU. RK Capital Management LLC FL acquired a new stake in shares of Renatus Tactical Acquisition Corp I in the second quarter valued at about $9,866,000. Balyasny Asset Management L.P. purchased a new position in Renatus Tactical Acquisition Corp I in the second quarter valued at about $3,579,000. Alberta Investment Management Corp purchased a new position in Renatus Tactical Acquisition Corp I in the second quarter valued at about $3,182,000. Karpus Management Inc. acquired a new stake in shares of Renatus Tactical Acquisition Corp I during the 2nd quarter valued at approximately $2,219,000. Finally, Jane Street Group LLC purchased a new stake in shares of Renatus Tactical Acquisition Corp I during the 2nd quarter worth approximately $1,829,000.

Renatus Tactical Acquisition Corp I Company Profile

Renatus Tactical Acquisition Corp I is a special purpose acquisition company (SPAC) organized to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. Incorporated in Delaware, the company carries no ongoing operations of its own but is formed to identify and consummate a transaction with one or more businesses.

In March 2021, Renatus Tactical Acquisition Corp I completed its initial public offering of units, each consisting of one share of common stock and a fraction of a warrant, and began trading on the Nasdaq under the ticker symbol RTACU.