Fir Tree Capital Management LP Takes $2 Million Position in ArcLight Clean Transition Corp. II (NASDAQ:ACTDU)

Fir Tree Capital Management LP bought a new position in ArcLight Clean Transition Corp. II (NASDAQ:ACTDU) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company’s stock, valued at approximately $2,000,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Canyon Capital Advisors LLC bought a new stake in shares of ArcLight Clean Transition Corp. II in the first quarter worth $3,000,000. EJF Capital LLC bought a new position in shares of ArcLight Clean Transition Corp. II in the first quarter valued at about $170,000. Berkley W R Corp acquired a new position in shares of ArcLight Clean Transition Corp. II in the first quarter valued at about $197,000. Tudor Investment Corp Et Al acquired a new position in shares of ArcLight Clean Transition Corp. II in the first quarter valued at about $1,000,000. Finally, Blackstone Group Inc. acquired a new position in shares of ArcLight Clean Transition Corp. II in the first quarter valued at about $7,000,000.

ACTDU stock opened at $10.04 on Thursday. The business has a 50-day moving average of $10.07. ArcLight Clean Transition Corp. II has a 12 month low of $9.73 and a 12 month high of $10.88.

ArcLight Clean Transition Corp. II Profile

ArcLight Clean Transition Corp. II intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Boston, Massachusetts.

Read More: Environmental, Social, and Governance (ESG) Investing

Institutional Ownership by Quarter for ArcLight Clean Transition Corp. II (NASDAQ:ACTDU)

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