MYDA Advisors LLC lifted its position in Far Peak Acquisition Co. (NASDAQ:FPAC – Get Rating) by 166.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,000 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. MYDA Advisors LLC owned approximately 0.11% of Far Peak Acquisition worth $805,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in FPAC. Apollo Management Holdings L.P. purchased a new stake in Far Peak Acquisition during the 3rd quarter valued at approximately $28,914,000. Millennium Management LLC raised its stake in Far Peak Acquisition by 2,419.7% during the 3rd quarter. Millennium Management LLC now owns 979,520 shares of the company’s stock valued at $9,746,000 after acquiring an additional 940,646 shares during the last quarter. Mint Tower Capital Management B.V. purchased a new position in shares of Far Peak Acquisition during the 4th quarter worth approximately $2,265,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Far Peak Acquisition by 478.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 267,700 shares of the company’s stock worth $2,663,000 after buying an additional 221,400 shares in the last quarter. Finally, Weiss Asset Management LP raised its stake in shares of Far Peak Acquisition by 28.5% during the 3rd quarter. Weiss Asset Management LP now owns 702,049 shares of the company’s stock worth $6,985,000 after buying an additional 155,565 shares in the last quarter. 77.00% of the stock is owned by hedge funds and other institutional investors.
Shares of FPAC stock traded up $0.01 during trading hours on Tuesday, reaching $9.85. 1,005 shares of the company’s stock were exchanged, compared to its average volume of 378,521. The company’s 50 day moving average is $9.91 and its two-hundred day moving average is $10.07. Far Peak Acquisition Co. has a 1 year low of $9.69 and a 1 year high of $11.30.
Far Peak Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology, technology, or financial services industries.
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