Wolverine Asset Management LLC Reduces Position in Keyarch Acquisition Co. (NASDAQ:KYCH)

Wolverine Asset Management LLC trimmed its position in Keyarch Acquisition Co. (NASDAQ:KYCH) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,147 shares of the company’s stock after selling 10,474 shares during the quarter. Wolverine Asset Management LLC owned about 0.74% of Keyarch Acquisition worth $480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of KYCH. Mizuho Securities USA LLC acquired a new position in Keyarch Acquisition in the 3rd quarter valued at about $270,000. Shaolin Capital Management LLC boosted its holdings in Keyarch Acquisition by 117.1% in the 3rd quarter. Shaolin Capital Management LLC now owns 100,000 shares of the company’s stock valued at $1,065,000 after purchasing an additional 683,497 shares during the last quarter. Finally, Meteora Capital LLC boosted its holdings in Keyarch Acquisition by 136.9% in the 3rd quarter. Meteora Capital LLC now owns 351,472 shares of the company’s stock valued at $3,743,000 after purchasing an additional 203,104 shares during the last quarter. 38.06% of the stock is currently owned by institutional investors and hedge funds.

Keyarch Acquisition Trading Down 54.9 %

NASDAQ:KYCH opened at $4.10 on Friday. The company’s 50-day moving average is $8.46 and its two-hundred day moving average is $9.99. Keyarch Acquisition Co. has a 1-year low of $3.49 and a 1-year high of $17.50.

About Keyarch Acquisition

Keyarch Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on disruptive technology and innovative services companies worldwide.