Shaolin Capital Management LLC Purchases New Position in East Stone Acquisition Co. (NASDAQ:ESSC)

Shaolin Capital Management LLC purchased a new stake in East Stone Acquisition Co. (NASDAQ:ESSC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 600,000 shares of the company’s stock, valued at approximately $6,054,000.

A number of other hedge funds also recently made changes to their positions in the stock. UBS Group AG boosted its stake in East Stone Acquisition by 77.1% in the 1st quarter. UBS Group AG now owns 3,906 shares of the company’s stock valued at $39,000 after buying an additional 1,700 shares in the last quarter. Geode Capital Management LLC acquired a new position in East Stone Acquisition in the second quarter worth $105,000. Morgan Stanley boosted its stake in East Stone Acquisition by 162.5% in the first quarter. Morgan Stanley now owns 20,200 shares of the company’s stock worth $202,000 after purchasing an additional 12,504 shares in the last quarter. OLD Mission Capital LLC acquired a new position in East Stone Acquisition in the third quarter worth $138,000. Finally, Vivaldi Asset Management LLC acquired a new position in East Stone Acquisition in the first quarter worth $261,000. 61.71% of the stock is currently owned by institutional investors and hedge funds.

East Stone Acquisition stock remained flat at $$10.20 on Thursday. The company’s stock had a trading volume of 3,818 shares, compared to its average volume of 35,230. The company’s fifty day moving average is $10.17 and its two-hundred day moving average is $10.09. East Stone Acquisition Co. has a one year low of $9.21 and a one year high of $10.59.

About East Stone Acquisition

East Stone Acquisition Corporation does not have significant operations. It focuses on providing technological services to the financial industry in North America and the Asia-Pacific. The company was founded in 2018 and is based in Burlington, Massachusetts.

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Institutional Ownership by Quarter for East Stone Acquisition (NASDAQ:ESSC)

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