MYDA Advisors LLC purchased a new stake in shares of Bridgetown Holdings Limited (NASDAQ:BTWN) in the first quarter, Holdings Channel reports. The firm purchased 168,000 shares of the company’s stock, valued at approximately $1,823,000.
A number of other hedge funds have also made changes to their positions in the business. Deltec Asset Management LLC increased its stake in Bridgetown by 14.7% during the 1st quarter. Deltec Asset Management LLC now owns 663,598 shares of the company’s stock valued at $7,200,000 after purchasing an additional 85,048 shares in the last quarter. Fortress Investment Group LLC bought a new stake in Bridgetown during the 4th quarter valued at $9,288,000. Spring Creek Capital LLC bought a new stake in shares of Bridgetown in the 4th quarter worth $6,192,000. Morgan Stanley bought a new stake in shares of Bridgetown in the 4th quarter worth $3,687,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Bridgetown in the 4th quarter worth $3,096,000. Institutional investors and hedge funds own 22.29% of the company’s stock.
Shares of NASDAQ BTWN traded down $0.06 during trading on Friday, hitting $10.36. The stock had a trading volume of 7,194 shares, compared to its average volume of 1,715,856. Bridgetown Holdings Limited has a 12 month low of $9.85 and a 12 month high of $25.84. The company’s fifty day moving average price is $10.43.
Bridgetown Holdings Limited focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology, financial services, or media sectors. The company was founded in 2020 and is based in Central, Hong Kong.
Further Reading: Market Capitalization
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