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

Picton Mahoney Asset Management bought a new position in FTAC Emerald Acquisition Corp. (NASDAQ:EMLD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 162,592 shares of the company's stock, valued at approximately $1,717,000. Picton Mahoney Asset Management owned approximately 0.64% of FTAC Emerald Acquisition at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BCK Capital Management LP bought a new position in shares of FTAC Emerald Acquisition during the third quarter valued at approximately $777,000. Westchester Capital Management LLC boosted its stake in shares of FTAC Emerald Acquisition by 15.1% during the third quarter. Westchester Capital Management LLC now owns 748,659 shares of the company's stock valued at $7,831,000 after purchasing an additional 98,470 shares in the last quarter. Mizuho Securities USA LLC bought a new position in shares of FTAC Emerald Acquisition during the third quarter valued at approximately $6,913,000. Cowen AND Company LLC boosted its stake in shares of FTAC Emerald Acquisition by 2,263.8% during the third quarter. Cowen AND Company LLC now owns 836,369 shares of the company's stock valued at $8,748,000 after purchasing an additional 800,986 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of FTAC Emerald Acquisition by 293.7% during the third quarter. Wolverine Asset Management LLC now owns 303,293 shares of the company's stock valued at $3,172,000 after purchasing an additional 226,264 shares in the last quarter. 56.89% of the stock is currently owned by institutional investors.

FTAC Emerald Acquisition Price Performance

EMLD remained flat at $10.62 during trading on Thursday. 3,809 shares of the company's stock traded hands, compared to its average volume of 57,219. FTAC Emerald Acquisition Corp. has a 52 week low of $10.27 and a 52 week high of $11.00. The business's fifty day simple moving average is $10.55 and its 200 day simple moving average is $10.53.

FTAC Emerald Acquisition Company 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.