Shaolin Capital Management LLC boosted its stake in Priveterra Acquisition Corp. (OTCMKTS:PMGMU) by 35.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 809,943 shares of the company’s stock after purchasing an additional 209,943 shares during the quarter. Shaolin Capital Management LLC’s holdings in Priveterra Acquisition were worth $8,067,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 683 Capital Management LLC bought a new stake in Priveterra Acquisition in the first quarter valued at about $99,000. Gabelli Funds LLC bought a new stake in Priveterra Acquisition in the first quarter valued at about $121,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Priveterra Acquisition in the first quarter valued at about $127,000. Weiss Multi Strategy Advisers LLC bought a new stake in Priveterra Acquisition in the first quarter valued at about $191,000. Finally, Ergoteles LLC bought a new stake in Priveterra Acquisition in the first quarter valued at about $193,000.
OTCMKTS:PMGMU traded up $0.05 on Thursday, reaching $9.95. The company’s stock had a trading volume of 7,223 shares, compared to its average volume of 60,399. The business’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $9.95. Priveterra Acquisition Corp. has a 1-year low of $9.70 and a 1-year high of $10.51.
Priveterra Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with other businesses. The company was incorporated in 2020 and is based in Fort Lauderdale, Florida.
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