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Keen Vision Acquisition (NASDAQ:KVAC) Trading 0.1% Higher - Here's Why


Keen Vision Acquisition (NASDAQ:KVAC) Trading 0.1% Higher   - Here's Why

Shares of Keen Vision Acquisition Co. (NASDAQ:KVAC - Get Free Report) traded up 0.1% during trading on Friday . The stock traded as high as $11.02 and last traded at $11.02. 106 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 50,234 shares. The stock had previously closed at $11.00.

The firm's fifty day simple moving average is $10.93 and its 200 day simple moving average is $10.79.

Several hedge funds have recently bought and sold shares of the company. Mizuho Securities USA LLC increased its holdings in Keen Vision Acquisition by 2,258.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,353,000 shares of the company's stock valued at $14,491,000 after buying an additional 1,295,637 shares during the period. Berkley W R Corp increased its holdings in Keen Vision Acquisition by 97.4% in the 2nd quarter. Berkley W R Corp now owns 952,209 shares of the company's stock valued at $10,093,000 after buying an additional 469,903 shares during the period. Wolverine Asset Management LLC increased its holdings in Keen Vision Acquisition by 34.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 885,388 shares of the company's stock valued at $9,527,000 after buying an additional 225,839 shares during the period. Quarry LP bought a new position in Keen Vision Acquisition in the 3rd quarter valued at about $4,136,000. Finally, Dakota Wealth Management grew its holdings in shares of Keen Vision Acquisition by 40.2% during the 3rd quarter. Dakota Wealth Management now owns 43,600 shares of the company's stock valued at $469,000 after purchasing an additional 12,500 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.

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