Periscope Capital Inc. Decreases Stake in APx Acquisition Corp. I (NASDAQ:APXI)

Periscope Capital Inc. lessened its holdings in shares of APx Acquisition Corp. I (NASDAQ:APXI) by 72.2% in the third quarter, Holdings Channel.com reports. The firm owned 100,000 shares of the company’s stock after selling 259,260 shares during the period. Periscope Capital Inc.’s holdings in APx Acquisition Corp. I were worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Clear Street LLC purchased a new stake in shares of APx Acquisition Corp. I during the 2nd quarter valued at approximately $78,000. Spartan Fund Management Inc. grew its stake in APx Acquisition Corp. I by 90.8% in the 2nd quarter. Spartan Fund Management Inc. now owns 38,442 shares of the company’s stock valued at $446,000 after buying an additional 18,290 shares in the last quarter. Logan Stone Capital LLC bought a new stake in APx Acquisition Corp. I during the 2nd quarter valued at $2,925,000. Berkley W R Corp lifted its position in shares of APx Acquisition Corp. I by 42.5% during the first quarter. Berkley W R Corp now owns 394,879 shares of the company’s stock worth $4,531,000 after acquiring an additional 117,726 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of APx Acquisition Corp. I by 14.2% in the third quarter. Mizuho Securities USA LLC now owns 792,581 shares of the company’s stock worth $9,226,000 after acquiring an additional 98,581 shares during the period. Institutional investors own 51.82% of the company’s stock.

APx Acquisition Corp. I Stock Performance

Shares of NASDAQ APXI opened at $11.87 on Friday. APx Acquisition Corp. I has a fifty-two week low of $11.00 and a fifty-two week high of $12.89. The stock has a fifty day moving average of $11.76 and a 200-day moving average of $11.65.

APx Acquisition Corp. I Company Profile

APx 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 or entities. APx Acquisition Corp. I. was incorporated in 2021 and is based in Mexico City, Mexico.