Verition Fund Management LLC lessened its position in Pioneer Merger Corp. (NASDAQ:PACX – Get Rating) by 14.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 102,933 shares of the company’s stock after selling 18,064 shares during the period. Verition Fund Management LLC’s holdings in Pioneer Merger were worth $1,009,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in PACX. Basso Capital Management L.P. bought a new position in Pioneer Merger during the first quarter valued at approximately $31,000. Integrity Capital Management HK Ltd bought a new position in Pioneer Merger during the first quarter valued at approximately $49,000. Gamco Investors INC. ET AL bought a new position in Pioneer Merger during the fourth quarter valued at approximately $99,000. Graham Capital Wealth Management LLC bought a new position in Pioneer Merger during the fourth quarter valued at approximately $111,000. Finally, Ergoteles LLC bought a new position in Pioneer Merger during the first quarter valued at approximately $296,000. Institutional investors own 72.14% of the company’s stock.
Pioneer Merger Stock Performance
Shares of Pioneer Merger stock opened at $9.95 on Thursday. The company’s 50 day moving average is $9.91 and its 200 day moving average is $9.85. Pioneer Merger Corp. has a twelve month low of $9.72 and a twelve month high of $10.01.
About Pioneer Merger
Pioneer Merger Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology and consumer sectors. The company was incorporated in 2020 and is based in New York, New York.
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