Arena Capital Advisors LLC CA reduced its holdings in Locust Walk Acquisition Corp. (OTCMKTS:LWACU) by 35.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 337,214 shares of the company’s stock after selling 188,070 shares during the period. Arena Capital Advisors LLC CA’s holdings in Locust Walk Acquisition were worth $3,436,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in LWACU. Aristeia Capital LLC bought a new position in Locust Walk Acquisition during the first quarter worth $8,543,000. Citadel Advisors LLC purchased a new stake in Locust Walk Acquisition during the first quarter worth about $5,167,000. Kepos Capital LP purchased a new position in shares of Locust Walk Acquisition in the first quarter worth about $5,079,000. BlueCrest Capital Management Ltd purchased a new position in shares of Locust Walk Acquisition in the first quarter worth about $5,029,000. Finally, Millennium Management LLC purchased a new stake in shares of Locust Walk Acquisition in the first quarter worth $2,396,000.
Shares of LWACU remained flat at $$17.29 during trading hours on Wednesday. The stock had a trading volume of 333,970 shares, compared to its average volume of 37,050. The company’s 50-day moving average is $12.96 and its 200 day moving average is $11.10. Locust Walk Acquisition Corp. has a 1 year low of $9.26 and a 1 year high of $29.16.
Locust Walk Acquisition Corp. 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 incorporated in 2020 and is based in Boston, Massachusetts.
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