Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Shares Down 0.5% – Time to Sell?

Shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) were down 0.5% during mid-day trading on Thursday . The company traded as low as $10.45 and last traded at $10.45. Approximately 400 shares traded hands during trading, a decline of 95% from the average daily volume of 7,808 shares. The stock had previously closed at $10.50.

Blue Acquisition Corp/Cayman Stock Down 0.5%

Hedge Funds Weigh In On Blue Acquisition Corp/Cayman

A hedge fund recently raised its stake in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank lifted its stake in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277,773 shares of the company’s stock after purchasing an additional 127,773 shares during the period. Toronto Dominion Bank’s holdings in Blue Acquisition Corp/Cayman were worth $2,922,000 as of its most recent SEC filing.

About Blue Acquisition Corp/Cayman

Blue Acquisition Corp/Cayman (NASDAQ: BACCU) is a special purpose acquisition company (SPAC) formed as an exempted company under the laws of the Cayman Islands and listed on the NASDAQ Stock Market. The company has issued units under the BACCU ticker and, like other SPACs, was created to raise capital through an initial public offering for the purpose of effecting a business combination.

As a blank‑check acquisition vehicle, Blue Acquisition Corp does not operate commercial businesses or sell products or services.