Global Technology Acquisition Corp. I (NASDAQ:GTAC) Shares Down 0.2% – Here’s What Happened

Global Technology Acquisition Corp. I (NASDAQ:GTAC)’s stock price was down 0.2% during mid-day trading on Friday . The stock traded as low as $11.48 and last traded at $11.48. Approximately 113 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 13,177 shares. The stock had previously closed at $11.50.

Global Technology Acquisition Corp. I Trading Down 0.2 %

The stock has a fifty day moving average of $11.51 and a 200 day moving average of $11.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Technology Acquisition Corp. I stock. Maverick Capital Ltd. bought a new position in Global Technology Acquisition Corp. I (NASDAQ:GTAC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,200,000 shares of the company’s stock, valued at approximately $13,548,000. Maverick Capital Ltd. owned about 16.93% of Global Technology Acquisition Corp. I as of its most recent SEC filing. 18.83% of the stock is owned by hedge funds and other institutional investors.

Global Technology Acquisition Corp. I Company Profile

Global Technology Acquisition Corp. I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify a business combination target within marketplaces, FinTech, and SaaS companies in Europe, Latam, and the United States.