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

Picton Mahoney Asset Management bought a new stake in FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 162,592 shares of the company’s stock, valued at approximately $1,717,000. Picton Mahoney Asset Management owned 0.64% of FTAC Emerald Acquisition as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. K2 Principal Fund L.P. acquired a new position in FTAC Emerald Acquisition during the third quarter worth about $195,000. BCK Capital Management LP purchased a new position in FTAC Emerald Acquisition during the third quarter worth about $777,000. Westchester Capital Management LLC raised its stake in FTAC Emerald Acquisition by 15.1% during the third quarter. Westchester Capital Management LLC now owns 748,659 shares of the company’s stock worth $7,831,000 after purchasing an additional 98,470 shares during the period. Hudson Bay Capital Management LP purchased a new position in FTAC Emerald Acquisition during the third quarter worth about $1,046,000. Finally, Wolverine Asset Management LLC raised its stake in FTAC Emerald Acquisition by 293.7% during 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. Institutional investors and hedge funds own 56.89% of the company’s stock.

FTAC Emerald Acquisition Price Performance

Shares of EMLD stock opened at $10.62 on Thursday. The firm’s 50-day moving average is $10.55 and its two-hundred day moving average is $10.53. FTAC Emerald Acquisition Corp. has a 12 month low of $10.27 and a 12 month high of $11.00.

About FTAC Emerald Acquisition

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.