Picton Mahoney Asset Management Invests $1.72 Million in FTAC Emerald Acquisition Corp. (NASDAQ:EMLD)

Picton Mahoney Asset Management purchased a new position in shares of FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 162,592 shares of the company’s stock, valued at approximately $1,717,000.

Other hedge funds have also made changes to their positions in the company. K2 Principal Fund L.P. acquired a new position in FTAC Emerald Acquisition in the third quarter worth $195,000. BCK Capital Management LP acquired a new position in FTAC Emerald Acquisition in the third quarter worth $777,000. Hudson Bay Capital Management LP acquired a new position in FTAC Emerald Acquisition in the third quarter worth $1,046,000. Wolverine Asset Management LLC boosted its holdings in FTAC Emerald Acquisition by 293.7% in the third quarter. Wolverine Asset Management LLC now owns 303,293 shares of the company’s stock worth $3,172,000 after purchasing an additional 226,264 shares during the period. Finally, Kepos Capital LP acquired a new position in FTAC Emerald Acquisition in the third quarter worth $6,799,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

FTAC Emerald Acquisition Price Performance

Shares of EMLD opened at $10.62 on Thursday. FTAC Emerald Acquisition Corp. has a 1 year low of $10.27 and a 1 year high of $11.00. The firm has a fifty day moving average of $10.55 and a 200-day moving average of $10.53.

FTAC Emerald Acquisition Profile

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