Investing

Hudson Bay Capital Lifts Stake in SPAC Greencity Acquisition to 17% From Six Percent

Hudson Bay Capital Management LP has filed a 13G/A form with the SEC disclosing ownership of 325,000 shares of Greencity Acquisition Corp (GRCY). This represents 17.37% of the company.

In the last filing dated February 9, 2021 they reported owning 6.18% of the company, indicating no change in their holdings.

What are other large shareholders doing?

Bank Of Montreal /can/ holds 370,000 shares representing 7.14% ownership of the company. No change in the last quarter.

Mizuho Securities Usa Llc holds 362,740 shares representing 7.00% ownership of the company. No change in the last quarter.

Glazer Capital, Llc holds 349,881 shares representing 6.75% ownership of the company. In it’s prior filing, the firm reported owning 117,208 shares, representing an increase of 66.50%. The firm increased its portfolio allocation in GRCY by 166.77% over the last quarter.

Hudson Bay Capital Management LP holds 325,000 shares representing 6.27% ownership of the company. No change in the last quarter.

Meteora Capital, LLC holds 270,263 shares representing 5.22% ownership of the company.

What is the overall institutional sentiment?

There are 19 funds or institutions reporting positions in Greencity Acquisition Corp. This is a decrease of 2 owner(s) or 9.52%.

Average portfolio weight of all funds dedicated to Greencity Acquisition Corp is 0.1545%, a decrease of 11.1818%. Total shares owned by institutions decreased in the last three months by 6.66% to 2,560,577 shares.

Based on this information, institutional sentiment is bearish.

This article originally appeared on Fintel

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.