Silver Pegasus Acquisition (NASDAQ:SPEGU) Trading Up 1.4% – Time to Buy?

Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) shares rose 1.4% during trading on Thursday . The company traded as high as $10.49 and last traded at $10.49. Approximately 4 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 2,030 shares. The stock had previously closed at $10.35.

Silver Pegasus Acquisition Price Performance

The company has a 50-day simple moving average of $10.39.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SPEGU. Heights Capital Management Inc. bought a new stake in shares of Silver Pegasus Acquisition during the third quarter worth approximately $2,038,000. Citadel Advisors LLC acquired a new stake in Silver Pegasus Acquisition during the 3rd quarter worth $144,000. Clear Street Group Inc. bought a new stake in shares of Silver Pegasus Acquisition during the 3rd quarter valued at $84,000. Bulldog Investors LLP acquired a new position in shares of Silver Pegasus Acquisition in the 3rd quarter valued at $2,434,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Silver Pegasus Acquisition in the 3rd quarter worth $1,017,000.

Silver Pegasus Acquisition Company Profile

Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.

The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.