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

Global Technology Acquisition Corp. I (NASDAQ:GTAC) fell 0.2% during mid-day trading on Monday . The stock traded as low as $11.48 and last traded at $11.48. 100 shares were traded during mid-day trading, a decline of 99% from the average session volume of 13,177 shares. The stock had previously closed at $11.50.

Global Technology Acquisition Corp. I Stock Performance

The stock’s 50 day moving average is $11.52 and its 200 day moving average is $11.37.

Hedge Funds Weigh In On Global Technology Acquisition Corp. I

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

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.