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

FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) 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 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 firm’s 50-day moving average price is $10.50 and its 200 day moving average price is $10.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMLD. State Street Corp grew its stake in shares of FTAC Emerald Acquisition by 13.2% during the 2nd quarter. State Street Corp now owns 21,400 shares of the company’s stock valued at $222,000 after buying an additional 2,500 shares during the period. Toroso Investments LLC grew its holdings in shares of FTAC Emerald Acquisition by 20.0% during the 4th quarter. Toroso Investments LLC now owns 30,000 shares of the company’s stock worth $301,000 after purchasing an additional 5,000 shares during the period. Robinson Capital Management LLC increased its position in FTAC Emerald Acquisition by 11.4% during the 4th quarter. Robinson Capital Management LLC now owns 78,521 shares of the company’s stock worth $838,000 after purchasing an additional 8,056 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in FTAC Emerald Acquisition by 7.9% in the second quarter. Schonfeld Strategic Advisors LLC now owns 172,138 shares of the company’s stock valued at $1,782,000 after buying an additional 12,538 shares during the period. Finally, K2 Principal Fund L.P. purchased a new stake in FTAC Emerald Acquisition during the third quarter worth approximately $195,000. 56.89% of the stock is currently owned by hedge funds and other institutional investors.

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.