FTAC Emerald Acquisition (NASDAQ:EMLD) Shares Down 0.4%

FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) shares traded down 0.4% during mid-day trading on Monday . The stock traded as low as $10.56 and last traded at $10.56. 572 shares changed hands during trading, a decline of 99% from the average session volume of 65,108 shares. The stock had previously closed at $10.60.

FTAC Emerald Acquisition Stock Performance

The company has a 50 day moving average of $10.50 and a 200-day moving average of $10.52.

Institutional Investors Weigh In On FTAC Emerald Acquisition

A number of hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its position in FTAC Emerald Acquisition by 23.3% in the 4th quarter. Millennium Management LLC now owns 1,456,000 shares of the company’s stock valued at $14,589,000 after purchasing an additional 275,000 shares in the last quarter. Westchester Capital Management LLC raised its position in FTAC Emerald Acquisition by 33.4% in the 4th quarter. Westchester Capital Management LLC now owns 998,659 shares of the company’s stock valued at $10,556,000 after purchasing an additional 250,000 shares in the last quarter. Cable Car Capital LLC acquired a new stake in FTAC Emerald Acquisition in the 4th quarter valued at about $8,968,000. Cowen AND Company LLC raised its position in FTAC Emerald Acquisition by 2,263.8% in the 3rd 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 raised its position in FTAC Emerald Acquisition by 124.2% in the 4th quarter. Wolverine Asset Management LLC now owns 679,974 shares of the company’s stock valued at $7,174,000 after purchasing an additional 376,681 shares in the last quarter. Institutional investors and hedge funds own 56.89% of the company’s stock.

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.