Castle Creek Arbitrage LLC Grows Position in Merida Merger Corp. I (NASDAQ:MCMJ)

Castle Creek Arbitrage LLC increased its holdings in Merida Merger Corp. I (NASDAQ:MCMJ) by 10.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,152,740 shares of the company’s stock after acquiring an additional 112,011 shares during the quarter. Merida Merger Corp. I comprises approximately 0.7% of Castle Creek Arbitrage LLC’s portfolio, making the stock its 28th biggest position. Castle Creek Arbitrage LLC owned 0.07% of Merida Merger Corp. I worth $11,383,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MCMJ. JPMorgan Chase & Co. purchased a new stake in Merida Merger Corp. I in the first quarter worth $30,000. Morgan Stanley lifted its stake in Merida Merger Corp. I by 659,900.0% in the first quarter. Morgan Stanley now owns 6,600 shares of the company’s stock worth $65,000 after acquiring an additional 6,599 shares during the period. FNY Investment Advisers LLC purchased a new stake in Merida Merger Corp. I in the first quarter worth $90,000. Arrowstreet Capital Limited Partnership purchased a new stake in Merida Merger Corp. I in the first quarter worth $124,000. Finally, Pinz Capital Management LP purchased a new stake in Merida Merger Corp. I in the first quarter worth $184,000. 60.66% of the stock is owned by institutional investors.

MCMJ traded up $0.02 during trading on Thursday, reaching $9.97. The stock had a trading volume of 12,876 shares, compared to its average volume of 15,275. The firm’s 50 day simple moving average is $9.96. Merida Merger Corp. I has a one year low of $9.70 and a one year high of $11.24.

Merida Merger Corp. I Profile

Merida Merger Corp. I does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the cannabis industry. The company was incorporated in 2019 and is based in New York, New York.

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Institutional Ownership by Quarter for Merida Merger Corp. I (NASDAQ:MCMJ)

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