Arena Capital Advisors LLC CA Cuts Stake in Sustainable Development Acquisition I Corp. (OTCMKTS:SDACU)

Arena Capital Advisors LLC CA reduced its stake in shares of Sustainable Development Acquisition I Corp. (OTCMKTS:SDACU) by 38.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,000 shares of the company’s stock after selling 380,000 shares during the quarter. Arena Capital Advisors LLC CA’s holdings in Sustainable Development Acquisition I were worth $6,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. PEAK6 Investments LLC purchased a new position in shares of Sustainable Development Acquisition I in the first quarter valued at $22,388,000. Aristeia Capital LLC purchased a new position in shares of Sustainable Development Acquisition I in the first quarter valued at $13,095,000. Millennium Management LLC purchased a new position in shares of Sustainable Development Acquisition I in the first quarter valued at $8,748,000. Governors Lane LP purchased a new position in shares of Sustainable Development Acquisition I in the first quarter valued at $7,960,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Sustainable Development Acquisition I in the first quarter valued at $6,475,000.

Shares of SDACU stock traded down $0.15 on Wednesday, reaching $9.95. The company’s stock had a trading volume of 700 shares, compared to its average volume of 75,559. The stock’s fifty day simple moving average is $10.06 and its 200-day simple moving average is $10.09. Sustainable Development Acquisition I Corp. has a 1 year low of $9.74 and a 1 year high of $11.45.

Sustainable Development Acquisition I Company Profile

Sustainable Development Acquisition I Corp., a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was founded in 2020 and is based in Los Angeles, California.

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Institutional Ownership by Quarter for Sustainable Development Acquisition I (OTCMKTS:SDACU)

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