Wolverine Asset Management LLC Increases Position in FTAC Emerald Acquisition Corp. (NASDAQ:EMLD)

Wolverine Asset Management LLC increased its stake in shares of FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) by 124.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 679,974 shares of the company’s stock after buying an additional 376,681 shares during the quarter. Wolverine Asset Management LLC’s holdings in FTAC Emerald Acquisition were worth $7,174,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. K2 Principal Fund L.P. purchased a new stake in shares of FTAC Emerald Acquisition during the third quarter valued at $195,000. Deltec Asset Management LLC grew its holdings in shares of FTAC Emerald Acquisition by 23.9% during the third quarter. Deltec Asset Management LLC now owns 100,000 shares of the company’s stock valued at $1,046,000 after buying an additional 19,269 shares during the last quarter. BCK Capital Management LP purchased a new stake in shares of FTAC Emerald Acquisition during the third quarter valued at $777,000. Westchester Capital Management LLC boosted its holdings in FTAC Emerald Acquisition by 15.1% in 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 during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in FTAC Emerald Acquisition during the 3rd quarter worth about $1,046,000. 56.89% of the stock is owned by hedge funds and other institutional investors.

FTAC Emerald Acquisition Stock Performance

EMLD remained flat at $10.60 during midday trading on Tuesday. The company’s stock had a trading volume of 144 shares, compared to its average volume of 9,044. The business has a fifty day moving average of $10.51 and a 200 day moving average of $10.52. FTAC Emerald Acquisition Corp. has a 12 month low of $10.24 and a 12 month high of $11.00.

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.