Mars Acquisition (NASDAQ:MARX) Trading 0.2% Higher

Mars Acquisition Corp. (NASDAQ:MARX) shares were up 0.2% on Thursday . The stock traded as high as $10.95 and last traded at $10.95. Approximately 536,734 shares traded hands during mid-day trading, an increase of 1,155% from the average daily volume of 42,755 shares. The stock had previously closed at $10.93.

Mars Acquisition Trading Up 0.2 %

The business’s fifty day simple moving average is $10.89 and its 200-day simple moving average is $10.78.

Hedge Funds Weigh In On Mars Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MARX. Cowen AND Company LLC raised its position in shares of Mars Acquisition by 10.3% during the 4th quarter. Cowen AND Company LLC now owns 384,067 shares of the company’s stock valued at $4,083,000 after buying an additional 35,734 shares in the last quarter. Mizuho Securities USA LLC bought a new position in Mars Acquisition in the fourth quarter valued at $1,037,000. Kim LLC purchased a new stake in Mars Acquisition during the fourth quarter valued at about $1,222,000. Berkley W R Corp raised its position in Mars Acquisition by 88.6% during the fourth quarter. Berkley W R Corp now owns 456,705 shares of the company’s stock valued at $4,855,000 after purchasing an additional 214,559 shares in the last quarter. Finally, Glazer Capital LLC lifted its stake in Mars Acquisition by 28.6% during the fourth quarter. Glazer Capital LLC now owns 256,161 shares of the company’s stock worth $2,723,000 after purchasing an additional 56,945 shares during the last quarter. 74.04% of the stock is currently owned by hedge funds and other institutional investors.

About Mars Acquisition

Mars Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on opportunities in cryptocurrency and blockchain, automobiles, healthcare, financial technology, cyber security, cleantech, software, Internet and artificial intelligence, specialty manufacturing, and other related technology innovations market.