Castle Creek Arbitrage LLC Boosts Stock Holdings in Merida Merger Corp. I (NASDAQ:MCMJ)

Castle Creek Arbitrage LLC grew its position in shares of Merida Merger Corp. I (NASDAQ:MCMJ) by 10.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,152,740 shares of the company’s stock after acquiring an additional 112,011 shares during the quarter. Merida Merger Corp. I accounts for approximately 0.7% of Castle Creek Arbitrage LLC’s portfolio, making the stock its 28th largest holding. Castle Creek Arbitrage LLC owned about 7.04% of Merida Merger Corp. I worth $11,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of Merida Merger Corp. I in the 1st quarter worth about $30,000. Morgan Stanley boosted its holdings in shares of Merida Merger Corp. I by 659,900.0% in the 1st quarter. Morgan Stanley now owns 6,600 shares of the company’s stock worth $65,000 after buying an additional 6,599 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Merida Merger Corp. I in the 1st quarter worth about $90,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Merida Merger Corp. I in the 1st quarter worth about $124,000. Finally, Pinz Capital Management LP purchased a new position in shares of Merida Merger Corp. I in the 1st quarter worth about $184,000. 60.66% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ MCMJ traded up $0.02 during trading on Thursday, hitting $9.97. 12,876 shares of the company’s stock traded hands, compared to its average volume of 15,275. Merida Merger Corp. I has a 12-month low of $9.70 and a 12-month high of $11.24. The business’s 50 day simple moving average is $9.96.

Merida Merger Corp. I Company Profile

Merida Merger Corp. I does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the cannabis industry. The company was incorporated in 2019 and is based in New York, New York.

See Also: Environmental, Social, and Governance (ESG) Investing

Want to see what other hedge funds are holding MCMJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merida Merger Corp. I (NASDAQ:MCMJ).

Institutional Ownership by Quarter for Merida Merger Corp. I (NASDAQ:MCMJ)

Receive News & Ratings for Merida Merger Corp. I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merida Merger Corp. I and related companies with MarketBeat.com's FREE daily email newsletter.