Fifth Era Acquisition Corp I (NASDAQ:FERA) Trading 0.1% Higher – Time to Buy?

Fifth Era Acquisition Corp I (NASDAQ:FERA) shares shot up 0.1% during mid-day trading on Thursday . The company traded as high as $10.28 and last traded at $10.28. 8,400 shares were traded during trading, a decline of 44% from the average session volume of 15,131 shares. The stock had previously closed at $10.27.

Fifth Era Acquisition Corp I Stock Up 0.1%

Institutional Trading of Fifth Era Acquisition Corp I

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in shares of Fifth Era Acquisition Corp I during the 4th quarter worth $447,000. Rivernorth Capital Management LLC raised its position in Fifth Era Acquisition Corp I by 34.4% during the fourth quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after purchasing an additional 102,372 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new stake in Fifth Era Acquisition Corp I during the fourth quarter valued at about $104,000. Radcliffe Capital Management L.P. lifted its stake in Fifth Era Acquisition Corp I by 22.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock worth $4,161,000 after purchasing an additional 75,201 shares during the last quarter. Finally, Glazer Capital LLC boosted its holdings in shares of Fifth Era Acquisition Corp I by 31.8% in the 4th quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock worth $9,312,000 after purchasing an additional 218,282 shares in the last quarter.

Fifth Era Acquisition Corp I Company Profile

Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.

Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.