MMCAP International Inc. SPC Invests $2.56 Million in Power & Digital Infrastructure Acquisition Corp. (NASDAQ:XPDI)

MMCAP International Inc. SPC bought a new position in shares of Power & Digital Infrastructure Acquisition Corp. (NASDAQ:XPDI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 253,137 shares of the company’s stock, valued at approximately $2,559,000. MMCAP International Inc. SPC owned about 2.51% of Power & Digital Infrastructure Acquisition at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XPDI. Easterly Investment Partners LLC purchased a new position in shares of Power & Digital Infrastructure Acquisition during the third quarter worth approximately $101,000. FNY Investment Advisers LLC purchased a new position in Power & Digital Infrastructure Acquisition in the 3rd quarter valued at $105,000. Creative Planning purchased a new position in Power & Digital Infrastructure Acquisition in the 3rd quarter valued at $112,000. Exos Asset Management LLC purchased a new position in Power & Digital Infrastructure Acquisition in the 3rd quarter valued at $117,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Power & Digital Infrastructure Acquisition in the 2nd quarter valued at $197,000.

A number of equities analysts recently weighed in on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Power & Digital Infrastructure Acquisition in a research report on Tuesday, November 30th. They issued a “buy” rating and a $18.75 price objective on the stock. Zacks Investment Research lowered shares of Power & Digital Infrastructure Acquisition from a “buy” rating to a “hold” rating in a research report on Saturday, January 8th. Finally, DA Davidson began coverage on shares of Power & Digital Infrastructure Acquisition in a research report on Thursday, October 14th. They issued a “buy” rating and a $16.00 price objective on the stock.

Shares of NASDAQ XPDI opened at $10.03 on Friday. Power & Digital Infrastructure Acquisition Corp. has a one year low of $9.25 and a one year high of $14.98. The company’s fifty day moving average is $11.69 and its two-hundred day moving average is $10.76.

Power & Digital Infrastructure Acquisition Profile

Power & Digital Infrastructure Acquisition Corp. 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 founded in 2020 and is based in Chicago, Illinois.

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Institutional Ownership by Quarter for Power & Digital Infrastructure Acquisition (NASDAQ:XPDI)

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