Perception Capital Corp. III (NASDAQ:PFTA) Trading Down 0.6%

Perception Capital Corp. III (NASDAQ:PFTA) dropped 0.6% on Friday . The stock traded as low as $10.71 and last traded at $10.71. Approximately 31,093 shares were traded during mid-day trading, an increase of 98% from the average daily volume of 15,678 shares. The stock had previously closed at $10.77.

Perception Capital Corp. III Stock Performance

The company’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $10.59.

Hedge Funds Weigh In On Perception Capital Corp. III

Several hedge funds have recently modified their holdings of PFTA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Perception Capital Corp. III during the 1st quarter worth approximately $214,000. Radcliffe Capital Management L.P. bought a new position in shares of Perception Capital Corp. III during the 1st quarter worth approximately $1,123,000. Cubist Systematic Strategies LLC bought a new position in shares of Perception Capital Corp. III during the 2nd quarter worth approximately $1,436,000. Parallax Volatility Advisers L.P. bought a new position in shares of Perception Capital Corp. III during the 2nd quarter worth approximately $845,000. Finally, Jane Street Group LLC bought a new position in shares of Perception Capital Corp. III during the 3rd quarter worth approximately $115,000. Institutional investors own 26.89% of the company’s stock.

About Perception Capital Corp. III

Perception Capital Corp. III intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.