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

Shares of FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) traded down 0.4% on Monday . The company traded as low as $10.56 and last traded at $10.56. 572 shares traded hands during mid-day 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 Price Performance

The business has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $10.52.

Hedge Funds Weigh In On FTAC Emerald Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its position in shares of FTAC Emerald Acquisition by 23.3% during the 4th quarter. Millennium Management LLC now owns 1,456,000 shares of the company’s stock worth $14,589,000 after buying an additional 275,000 shares in the last quarter. Westchester Capital Management LLC grew its position in shares of FTAC Emerald Acquisition by 33.4% during the 4th quarter. Westchester Capital Management LLC now owns 998,659 shares of the company’s stock worth $10,556,000 after buying an additional 250,000 shares in the last quarter. Cable Car Capital LLC bought a new position in shares of FTAC Emerald Acquisition during the 4th quarter worth $8,968,000. Cowen AND Company LLC grew its position in shares of FTAC Emerald Acquisition by 2,263.8% during the 3rd quarter. Cowen AND Company LLC now owns 836,369 shares of the company’s stock worth $8,748,000 after buying an additional 800,986 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its position in FTAC Emerald Acquisition by 124.2% during the fourth 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 own 56.89% of the company’s stock.

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.