TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Biotech Acquisition (NASDAQ:BIOT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 280,581 shares of the company’s stock, valued at approximately $2,727,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Berkley W R Corp acquired a new stake in Biotech Acquisition in the first quarter valued at $477,000. Atalaya Capital Management LP acquired a new stake in Biotech Acquisition during the 1st quarter worth about $5,402,000. Polar Asset Management Partners Inc. acquired a new stake in Biotech Acquisition during the 1st quarter worth about $5,832,000. Jane Street Group LLC bought a new position in Biotech Acquisition in the 1st quarter valued at about $1,027,000. Finally, Alyeska Investment Group L.P. bought a new position in Biotech Acquisition in the 1st quarter valued at about $875,000. Institutional investors and hedge funds own 22.98% of the company’s stock.
NASDAQ BIOT remained flat at $$9.67 during trading hours on Thursday. 1,199 shares of the company traded hands, compared to its average volume of 35,288. Biotech Acquisition has a twelve month low of $9.54 and a twelve month high of $9.95. The stock’s 50 day simple moving average is $9.69.
Biotech Acquisition Company 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 2020 and is based in New York, New York.
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