COVA Acquisition Corp. Unit
COVAU
COVAU was delisted on the 20th of December, 2022.
39 hedge funds and large institutions have $66.2M invested in COVA Acquisition Corp. Unit in 2021 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 14 closing their positions.
11% less capital invested
Capital invested by funds: $74.7M → $66.2M (-$8.55M)
26% less funds holding
Funds holding: 53 → 39 (-14)
78% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 9
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$134K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.11K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.33M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$2.05M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$2.02M |
| 4 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$1.51M |
| 5 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$985K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Walleye Trading
New York
| – | -$202K | -20,000 | Closed |
|
52
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$152K | -15,056 | Closed |
|
|
SGAM
53
Seaport Global Asset Management
New York
| – | -$50K | -5,000 | Closed |
|
COVAU Hedge Fund Activity: Q3 2021 in Review
39 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Unit (COVAU) for Q3 2021, worth a combined $66.2M — down 11% from $74.7M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of COVAU and 0 opened new positions — a net loss of 14 holders — while 9 trimmed existing stakes and 2 added.
The largest buyer was Virtu Financial, adding an estimated $134K. The largest seller was Citadel Advisors, cutting an estimated $2.33M.
- 39 institutional investors held COVA Acquisition Corp. Unit (COVAU) as of Q3 2021, down from 53 in Q2 2021.
- Funds reported $66.2M of COVA Acquisition Corp. Unit stock for Q3 2021, down 11% quarter-over-quarter.
- 0 funds opened new COVA Acquisition Corp. Unit positions in Q3 2021 and 14 closed out, a net change of -14 holders.
- The largest COVA Acquisition Corp. Unit buyer in Q3 2021 was Virtu Financial, an estimated $134K added.
- The largest COVA Acquisition Corp. Unit seller in Q3 2021 was Citadel Advisors, an estimated $2.33M sold.
Based on aggregated 13F filings for Q3 2021.