Sculptor Capital LP Takes Position in Arena Fortify Acquisition Corp. (NASDAQ:AFAC)

Sculptor Capital LP purchased a new stake in shares of Arena Fortify Acquisition Corp. (NASDAQ:AFAC – Get Rating) in the first quarter, according to its most recent filing with the SEC. The firm purchased 500,000 shares of the company's stock, valued at approximately $5,005,000. Sculptor Capital LP owned 2.32% of Arena Fortify Acquisition at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AFAC. Karpus Management Inc. purchased a new position in shares of Arena Fortify Acquisition during the 1st quarter worth approximately $248,000. Dupont Capital Management Corp purchased a new position in shares of Arena Fortify Acquisition during the 1st quarter worth approximately $250,000. Wolverine Asset Management LLC purchased a new position in shares of Arena Fortify Acquisition during the 1st quarter worth approximately $444,000. Walleye Trading LLC purchased a new position in shares of Arena Fortify Acquisition during the 1st quarter worth approximately $450,000. Finally, Walleye Capital LLC purchased a new position in shares of Arena Fortify Acquisition during the 1st quarter worth approximately $741,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Arena Fortify Acquisition Price Performance

Shares of AFAC opened at $10.07 on Friday. The firm has a 50 day simple moving average of $10.04 and a 200-day simple moving average of $10.01. Arena Fortify Acquisition Corp. has a 1-year low of $9.55 and a 1-year high of $10.81.

About Arena Fortify Acquisition

Arena Fortify Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on acquisition candidates within the natural resources industry.

Further Reading

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