MMCAP International Inc. SPC Sells 25,000 Shares of Pivotal Investment Co. III (NYSE:PICC)

MMCAP International Inc. SPC reduced its stake in Pivotal Investment Co. III (NYSE:PICC) by 16.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,000 shares of the company’s stock after selling 25,000 shares during the period. MMCAP International Inc. SPC’s holdings in Pivotal Investment Co. III were worth $1,218,000 as of its most recent SEC filing.

Separately, Basso Capital Management L.P. bought a new stake in Pivotal Investment Co. III in the 2nd quarter valued at $544,000. 49.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:PICC opened at $9.73 on Friday. Pivotal Investment Co. III has a 52 week low of $9.61 and a 52 week high of $10.25. The firm has a fifty day simple moving average of $9.76 and a two-hundred day simple moving average of $9.74.

Pivotal Investment Co. III Profile

Pivotal Investment Corporation III does not have significant operations. It 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 2020 and is based in New York, New York.

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Institutional Ownership by Quarter for Pivotal Investment Co. III (NYSE:PICC)

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