Arena Capital Advisors LLC CA raised its stake in shares of HumanCo Acquisition Corp. (NASDAQ:HMCO) by 20.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,943,023 shares of the company’s stock after buying an additional 329,948 shares during the period. HumanCo Acquisition comprises about 1.6% of Arena Capital Advisors LLC CA’s portfolio, making the stock its 6th largest holding. Arena Capital Advisors LLC CA owned 5.05% of HumanCo Acquisition worth $18,964,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Levin Capital Strategies L.P. purchased a new position in shares of HumanCo Acquisition in the 2nd quarter valued at about $377,000. Picton Mahoney Asset Management purchased a new position in shares of HumanCo Acquisition during the 2nd quarter valued at approximately $975,000. Magnetar Financial LLC purchased a new stake in HumanCo Acquisition in the 2nd quarter worth $1,536,000. Millennium Management LLC acquired a new position in HumanCo Acquisition during the first quarter worth $1,041,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of HumanCo Acquisition in the first quarter valued at about $1,493,000. Institutional investors and hedge funds own 38.88% of the company’s stock.
Shares of HMCO remained flat at $$9.75 during mid-day trading on Wednesday. 6,392 shares of the company traded hands, compared to its average volume of 57,766. HumanCo Acquisition Corp. has a 52-week low of $9.55 and a 52-week high of $19.00. The firm’s fifty day simple moving average is $9.72 and its 200 day simple moving average is $9.86.
HumanCo Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. The company was founded in 2020 and is based in Austin, Texas.
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