Short Interest in FTAC Hera Acquisition Corp. (NASDAQ:HERA) Expands By 26.4%

FTAC Hera Acquisition Corp. (NASDAQ:HERAGet Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 6,700 shares, a growth of 26.4% from the March 15th total of 5,300 shares. Based on an average daily volume of 124,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HERA. Citadel Advisors LLC raised its position in shares of FTAC Hera Acquisition by 48.5% in the 4th quarter. Citadel Advisors LLC now owns 3,719,792 shares of the company’s stock worth $36,342,000 after acquiring an additional 1,214,870 shares in the last quarter. Saba Capital Management L.P. raised its position in shares of FTAC Hera Acquisition by 109.9% in the 4th quarter. Saba Capital Management L.P. now owns 3,247,293 shares of the company’s stock worth $31,726,000 after acquiring an additional 1,700,000 shares in the last quarter. Weiss Asset Management LP raised its position in shares of FTAC Hera Acquisition by 11.8% in the 3rd quarter. Weiss Asset Management LP now owns 3,199,699 shares of the company’s stock worth $31,165,000 after acquiring an additional 338,334 shares in the last quarter. Marshall Wace LLP raised its position in shares of FTAC Hera Acquisition by 31.0% in the 3rd quarter. Marshall Wace LLP now owns 3,018,386 shares of the company’s stock worth $29,399,000 after acquiring an additional 714,410 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of FTAC Hera Acquisition in the 3rd quarter worth approximately $13,125,000. 61.33% of the stock is owned by institutional investors and hedge funds.

HERA opened at $9.82 on Tuesday. The firm’s 50 day simple moving average is $9.76. FTAC Hera Acquisition has a one year low of $9.65 and a one year high of $10.02.

FTAC Hera Acquisition Company Profile (Get Rating)

FTAC Hera Acquisition Corp. 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. The company was incorporated in 2021 and is based in Philadelphia, Pennsylvania.

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