Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Stock Price Down 0.6% – What’s Next?

Blue Water Acquisition Corp. III (NASDAQ:BLUWU)’s stock price traded down 0.6% during mid-day trading on Friday . The company traded as low as $10.59 and last traded at $10.59. 1,500 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 1,425 shares. The stock had previously closed at $10.65.

Blue Water Acquisition Corp. III Trading Down 0.6%

The company has a 50 day moving average of $10.63 and a 200 day moving average of $10.38.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A number of institutional investors and hedge funds have recently made changes to their positions in BLUWU. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth approximately $100,000. Susquehanna International Group LLP purchased a new position in Blue Water Acquisition Corp. III in the third quarter worth approximately $158,000. Jane Street Group LLC acquired a new position in Blue Water Acquisition Corp. III during the 2nd quarter worth approximately $197,000. Warberg Asset Management LLC acquired a new position in Blue Water Acquisition Corp. III during the 2nd quarter worth approximately $200,000. Finally, Crossingbridge Advisors LLC purchased a new stake in shares of Blue Water Acquisition Corp. III in the 2nd quarter valued at approximately $781,000.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.