Glazer Capital LLC reduced its position in East Resources Acquisition (OTCMKTS:ERESU) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 550,798 shares of the company’s stock after selling 30,857 shares during the period. Glazer Capital LLC’s holdings in East Resources Acquisition were worth $5,640,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ERESU. Clearbridge Investments LLC raised its holdings in East Resources Acquisition by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 2,297,966 shares of the company’s stock worth $23,186,000 after acquiring an additional 26,691 shares during the last quarter. Citadel Advisors LLC purchased a new position in East Resources Acquisition in the 1st quarter worth approximately $105,000. Flow Traders U.S. LLC purchased a new position in East Resources Acquisition in the 1st quarter worth approximately $390,000. Finally, Wealthspring Capital LLC raised its stake in East Resources Acquisition by 60.1% during the 2nd quarter. Wealthspring Capital LLC now owns 214,501 shares of the company’s stock valued at $2,196,000 after buying an additional 80,534 shares during the last quarter.
ERESU traded down $0.03 during mid-day trading on Thursday, reaching $10.12. 1,043 shares of the company traded hands, compared to its average volume of 38,793. The company’s fifty day moving average price is $10.10 and its 200-day moving average price is $10.16. East Resources Acquisition has a 52-week low of $9.02 and a 52-week high of $11.59.
East Resources Acquisition Company does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. East Resources Acquisition Company was founded in 2020 and is based in Boca Raton, Florida.
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