Aura FAT Projects Acquisition Corp (NASDAQ:AFAR) Position Decreased by Karpus Management Inc.

Karpus Management Inc. trimmed its stake in Aura FAT Projects Acquisition Corp (NASDAQ:AFAR) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,219 shares of the company’s stock after selling 1,350 shares during the quarter. Karpus Management Inc. owned 3.27% of Aura FAT Projects Acquisition worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFAR. Quarry LP acquired a new position in Aura FAT Projects Acquisition during the 4th quarter worth about $1,359,000. Wolverine Asset Management LLC increased its stake in shares of Aura FAT Projects Acquisition by 16.3% in the 4th quarter. Wolverine Asset Management LLC now owns 152,680 shares of the company’s stock valued at $1,660,000 after acquiring an additional 21,385 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in Aura FAT Projects Acquisition by 3.3% during the 4th quarter. Mizuho Securities USA LLC now owns 201,700 shares of the company’s stock worth $2,168,000 after purchasing an additional 6,478 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

Aura FAT Projects Acquisition Stock Performance

Shares of NASDAQ AFAR remained flat at $11.68 during trading hours on Thursday. The stock has a 50-day simple moving average of $11.40 and a 200 day simple moving average of $11.19. Aura FAT Projects Acquisition Corp has a one year low of $10.63 and a one year high of $13.70.

Aura FAT Projects Acquisition Profile

Aura FAT Projects Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring technology companies with Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming, and other new financial technology and services applications in Southeast Asia, Australia, and New Zealand.