Swiftmerge Acquisition (NASDAQ:IVCPU) Shares Down 0.9%

Swiftmerge Acquisition Corp. (NASDAQ:IVCPU)’s share price was down 0.9% on Thursday . The stock traded as low as $11.89 and last traded at $11.93. Approximately 320 shares traded hands during trading, a decline of 68% from the average daily volume of 993 shares. The stock had previously closed at $12.04.

Swiftmerge Acquisition Stock Performance

The company’s 50 day moving average price is $10.95 and its two-hundred day moving average price is $10.82.

Institutional Trading of Swiftmerge Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Robinson Capital Management LLC increased its holdings in Swiftmerge Acquisition by 51.0% during the first quarter. Robinson Capital Management LLC now owns 26,658 shares of the company’s stock valued at $264,000 after buying an additional 9,000 shares during the period. Virtu Financial LLC purchased a new position in Swiftmerge Acquisition during the fourth quarter valued at approximately $261,000. Finally, Ergoteles LLC increased its holdings in Swiftmerge Acquisition by 42.1% during the first quarter. Ergoteles LLC now owns 24,017 shares of the company’s stock valued at $238,000 after buying an additional 7,117 shares during the period.

About Swiftmerge Acquisition

Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.