Arena Capital Advisors LLC CA increased its stake in Pioneer Merger Corp. (NASDAQ:PACX) by 8,821.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,007,571 shares of the company’s stock after purchasing an additional 996,277 shares during the period. Arena Capital Advisors LLC CA owned 2.00% of Pioneer Merger worth $9,985,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in Pioneer Merger during the 1st quarter valued at $36,000. Wolverine Asset Management LLC bought a new stake in Pioneer Merger during the 1st quarter valued at $41,000. Geode Capital Management LLC bought a new stake in Pioneer Merger during the 1st quarter valued at $132,000. Schonfeld Strategic Advisors LLC bought a new stake in Pioneer Merger during the 1st quarter valued at $148,000. Finally, Highland Capital Management Fund Advisors L.P. bought a new stake in Pioneer Merger during the 1st quarter valued at $223,000. 61.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of PACX stock traded up $0.02 during mid-day trading on Wednesday, hitting $9.97. 20 shares of the stock traded hands, compared to its average volume of 229,095. Pioneer Merger Corp. has a twelve month low of $9.55 and a twelve month high of $10.29. The stock’s 50-day simple moving average is $9.89.
Pioneer Merger Corp. does not have significant operations. It focuses on effecting 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 New York, New York.
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