Cowen AND Company LLC lifted its holdings in shares of AI Transportation Acquisition Corp (NASDAQ:AITR – Free Report) by 90.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 252,706 shares of the company’s stock after purchasing an additional 120,000 shares during the quarter. Cowen AND Company LLC’s holdings in AI Transportation Acquisition were worth $2,616,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of AITR. Gabelli Funds LLC bought a new stake in shares of AI Transportation Acquisition during the first quarter worth approximately $1,029,000. Virtu Financial LLC bought a new stake in AI Transportation Acquisition in the 1st quarter valued at $379,000. Whitebox Advisors LLC acquired a new position in AI Transportation Acquisition in the 1st quarter valued at $206,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in AI Transportation Acquisition during the 1st quarter worth $1,027,000. Finally, Karpus Management Inc. acquired a new stake in shares of AI Transportation Acquisition during the first quarter worth $10,235,000. 81.89% of the stock is currently owned by institutional investors and hedge funds.
AI Transportation Acquisition Stock Performance
Shares of AITR remained flat at $10.45 during mid-day trading on Monday. 800 shares of the stock traded hands, compared to its average volume of 41,060. The stock has a 50 day moving average of $10.39 and a 200-day moving average of $10.34. AI Transportation Acquisition Corp has a 12 month low of $10.11 and a 12 month high of $10.45.
About AI Transportation Acquisition
AI Transportation Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the transportation field, including logistics, new energy vehicles, smart parking, on-board chips and AI algorithms, automotive services, and related areas of intelligent transportation.
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