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HBK Investments L P Decreases Position in FTAC Emerald Acquisition Corp. (NASDAQ:EMLD)

Financial News Live ·  Feb 22, 2023 01:13

HBK Investments L P lessened its holdings in FTAC Emerald Acquisition Corp. (NASDAQ:EMLD – Get Rating) by 27.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 546,568 shares of the company's stock after selling 203,432 shares during the quarter. HBK Investments L P owned 0.06% of FTAC Emerald Acquisition worth $5,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EMLD. Sculptor Capital LP raised its position in FTAC Emerald Acquisition by 100.0% in the 2nd quarter. Sculptor Capital LP now owns 1,505,490 shares of the company's stock worth $14,723,000 after purchasing an additional 752,742 shares during the period. Starboard Value LP purchased a new stake in shares of FTAC Emerald Acquisition during the second quarter worth about $6,064,000. Radcliffe Capital Management L.P. bought a new stake in shares of FTAC Emerald Acquisition in the first quarter worth about $4,885,000. Cubist Systematic Strategies LLC bought a new stake in shares of FTAC Emerald Acquisition in the second quarter worth about $4,812,000. Finally, Polar Asset Management Partners Inc. purchased a new position in FTAC Emerald Acquisition during the 1st quarter valued at about $2,931,000. Hedge funds and other institutional investors own 65.57% of the company's stock.

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FTAC Emerald Acquisition Trading Up 0.5 %

NASDAQ EMLD traded up $0.05 on Tuesday, hitting $10.16. The company's stock had a trading volume of 136 shares, compared to its average volume of 278,295. FTAC Emerald Acquisition Corp. has a 52-week low of $9.70 and a 52-week high of $10.51. The company's 50-day simple moving average is $10.07 and its 200 day simple moving average is $9.95.

FTAC Emerald Acquisition Company Profile

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FTAC Emerald Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.

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