Parallax Volatility Advisers L.P. Makes New $2.82 Million Investment in Tech and Energy Transition Co. (NASDAQ:TETC)

Parallax Volatility Advisers L.P. acquired a new stake in shares of Tech and Energy Transition Co. (NASDAQ:TETC – Get Rating) in the third quarter, Holdings Channel.com reports. The firm acquired 286,206 shares of the company’s stock, valued at approximately $2,816,000.

A number of other institutional investors have also modified their holdings of TETC. Flow Traders U.S. LLC purchased a new position in shares of Tech and Energy Transition during the 3rd quarter valued at about $132,000. Centiva Capital LP increased its stake in shares of Tech and Energy Transition by 52.2% in the 2nd quarter. Centiva Capital LP now owns 15,217 shares of the company’s stock valued at $149,000 after purchasing an additional 5,217 shares in the last quarter. Fir Tree Capital Management LP purchased a new position in shares of Tech and Energy Transition in the 1st quarter valued at about $959,000. Toronto Dominion Bank purchased a new position in shares of Tech and Energy Transition in the 2nd quarter valued at about $1,956,000. Finally, Wolverine Asset Management LLC increased its stake in shares of Tech and Energy Transition by 73.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 207,639 shares of the company’s stock valued at $2,043,000 after purchasing an additional 88,174 shares in the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

Tech and Energy Transition Stock Performance

Shares of Tech and Energy Transition stock opened at $10.12 on Friday. Tech and Energy Transition Co. has a twelve month low of $9.72 and a twelve month high of $10.30. The business has a 50-day moving average price of $10.10 and a 200 day moving average price of $9.97.

About Tech and Energy Transition

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Tech and Energy Transition Corporation 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. The company was formerly known as M Acquisition Company IV Corporation and changed its name to Tech and Energy Transition Corporation in December 2020.