Castle Creek Arbitrage LLC Takes Position in Authentic Equity Acquisition Corp. (NASDAQ:AEAC)

Castle Creek Arbitrage LLC purchased a new stake in shares of Authentic Equity Acquisition Corp. (NASDAQ:AEAC) during the first quarter, HoldingsChannel.com reports. The fund purchased 737,498 shares of the company’s stock, valued at approximately $7,135,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartree Partners LP purchased a new stake in shares of Authentic Equity Acquisition during the 1st quarter valued at about $3,395,000. Blackstone Group Inc. bought a new position in shares of Authentic Equity Acquisition in the 1st quarter worth approximately $485,000. HighTower Advisors LLC bought a new position in shares of Authentic Equity Acquisition in the 1st quarter worth approximately $138,000. Exos Asset Management LLC bought a new position in shares of Authentic Equity Acquisition in the 1st quarter worth approximately $194,000. Finally, Berkley W R Corp bought a new position in shares of Authentic Equity Acquisition in the 1st quarter worth approximately $1,079,000. 34.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:AEAC traded down $0.07 during trading on Thursday, hitting $9.70. The company’s stock had a trading volume of 7,884 shares, compared to its average volume of 23,276. The company has a 50-day simple moving average of $9.69. Authentic Equity Acquisition Corp. has a 12 month low of $9.51 and a 12 month high of $9.87.

Authentic Equity Acquisition Profile

Authentic Equity 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 Rye, New York.

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Institutional Ownership by Quarter for Authentic Equity Acquisition (NASDAQ:AEAC)

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