Walleye Capital LLC Makes New $741,000 Investment in Arena Fortify Acquisition Corp. (NASDAQ:AFAC)

Walleye Capital LLC acquired a new position in Arena Fortify Acquisition Corp. (NASDAQ:AFACGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 74,022 shares of the company’s stock, valued at approximately $741,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sculptor Capital LP acquired a new stake in Arena Fortify Acquisition in the 1st quarter worth about $5,005,000. Dupont Capital Management Corp acquired a new stake in Arena Fortify Acquisition in the 1st quarter worth about $250,000. Highbridge Capital Management LLC increased its holdings in Arena Fortify Acquisition by 86.7% in the 1st quarter. Highbridge Capital Management LLC now owns 992,100 shares of the company’s stock valued at $9,911,000 after buying an additional 460,792 shares during the period. Berkley W R Corp bought a new position in Arena Fortify Acquisition in the 1st quarter valued at about $1,817,000. Finally, Aristeia Capital LLC bought a new position in Arena Fortify Acquisition in the 1st quarter valued at about $2,002,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Arena Fortify Acquisition Price Performance

AFAC stock opened at $10.09 on Wednesday. Arena Fortify Acquisition Corp. has a 12 month low of $9.55 and a 12 month high of $10.81. The company’s 50-day moving average price is $10.04 and its two-hundred day moving average price is $10.01.

About Arena Fortify Acquisition

(Get Rating)

Arena Fortify Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on acquisition candidates within the natural resources industry.

See Also

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Institutional Ownership by Quarter for Arena Fortify Acquisition (NASDAQ:AFAC)

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