Yorkville Acquisition (NASDAQ:YORKU) Trading 0.9% Higher – Still a Buy?

Yorkville Acquisition Corp. (NASDAQ:YORKU) shot up 0.9% during mid-day trading on Tuesday . The company traded as high as $10.29 and last traded at $10.29. Approximately 1,072 shares changed hands during trading, a decline of 100% from the average daily volume of 231,509 shares. The stock had previously closed at $10.20.

Yorkville Acquisition Stock Up 0.9%

The company’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.28.

Institutional Investors Weigh In On Yorkville Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in Yorkville Acquisition in the third quarter valued at $159,000. Jane Street Group LLC acquired a new stake in Yorkville Acquisition in the 2nd quarter worth about $164,000. JPMorgan Chase & Co. acquired a new stake in Yorkville Acquisition in the 2nd quarter worth about $450,000. Boothbay Fund Management LLC purchased a new stake in Yorkville Acquisition in the 2nd quarter valued at about $562,000. Finally, Scoggin Management LP acquired a new position in shares of Yorkville Acquisition during the 2nd quarter valued at about $844,000.

Yorkville Acquisition Company Profile

Yorkville Acquisition Corp. is a special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Incorporated in the Cayman Islands with principal executive offices in New York, the company is listed on the Nasdaq under the ticker YORKU, representing its publicly traded units.

The company’s primary business activity is to identify and acquire a target business or businesses that can benefit from strategic guidance and access to public market capital.