Global Lights Acquisition (NASDAQ:GLAC) Trading 0.3% Higher – Here’s Why

Global Lights Acquisition Corp (NASDAQ:GLAC)’s stock price was up 0.3% on Thursday . The company traded as high as $10.69 and last traded at $10.69. Approximately 1,992 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 57,213 shares. The stock had previously closed at $10.66.

Global Lights Acquisition Price Performance

The stock has a 50-day moving average of $10.64 and a two-hundred day moving average of $10.50.

Institutional Investors Weigh In On Global Lights Acquisition

A number of institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC bought a new stake in shares of Global Lights Acquisition in the 3rd quarter valued at about $74,000. K2 Principal Fund L.P. bought a new stake in Global Lights Acquisition in the third quarter valued at approximately $113,000. Shaolin Capital Management LLC lifted its position in Global Lights Acquisition by 6.2% in the third quarter. Shaolin Capital Management LLC now owns 217,504 shares of the company’s stock valued at $2,277,000 after purchasing an additional 12,712 shares during the last quarter. Walleye Trading LLC purchased a new stake in shares of Global Lights Acquisition during the third quarter valued at approximately $377,000. Finally, Walleye Capital LLC bought a new position in shares of Global Lights Acquisition in the third quarter worth approximately $669,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Global Lights Acquisition Company Profile

Global Lights Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Beijing, the People's Republic of China.