Tech and Energy Transition (NASDAQ:TETC) Shares Down 0.1%

Tech and Energy Transition Co. (NASDAQ:TETCGet Rating) shares fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $9.92 and last traded at $9.92. 213,521 shares were traded during mid-day trading, an increase of 167% from the average session volume of 79,939 shares. The stock had previously closed at $9.93.

Tech and Energy Transition Stock Performance

The stock’s 50 day moving average price is $9.88 and its two-hundred day moving average price is $9.82.

Institutional Investors Weigh In On Tech and Energy Transition

Large investors have recently added to or reduced their stakes in the business. Robinson Capital Management LLC lifted its holdings in Tech and Energy Transition by 13.9% in the 2nd quarter. Robinson Capital Management LLC now owns 24,573 shares of the company’s stock valued at $240,000 after purchasing an additional 2,994 shares in the last quarter. Glazer Capital LLC lifted its holdings in Tech and Energy Transition by 0.5% in the 3rd quarter. Glazer Capital LLC now owns 902,674 shares of the company’s stock valued at $8,882,000 after purchasing an additional 4,700 shares in the last quarter. Centiva Capital LP lifted its holdings in Tech and Energy Transition by 52.2% in the 2nd quarter. Centiva Capital LP now owns 15,217 shares of the company’s stock valued at $149,000 after purchasing an additional 5,217 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Tech and Energy Transition in the 3rd quarter valued at about $132,000. Finally, Saba Capital Management L.P. lifted its holdings in Tech and Energy Transition by 0.5% in the 3rd quarter. Saba Capital Management L.P. now owns 3,104,795 shares of the company’s stock valued at $30,551,000 after purchasing an additional 15,099 shares in the last quarter. 64.85% of the stock is owned by institutional investors and hedge funds.

About Tech and Energy Transition

(Get Rating)

Tech and Energy Transition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as M Acquisition Company IV Corporation and changed its name to Tech and Energy Transition Corporation in December 2020.

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