Weiss Asset Management LP reduced its holdings in SportsMap Tech Acquisition Corp. (NASDAQ:SMAP – Get Rating) by 87.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 85,111 shares of the company's stock after selling 602,000 shares during the quarter. Weiss Asset Management LP owned about 2.40% of SportsMap Tech Acquisition worth $853,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SMAP. UBS Group AG grew its stake in SportsMap Tech Acquisition by 1,419.9% in the first quarter. UBS Group AG now owns 5,031 shares of the company's stock valued at $50,000 after acquiring an additional 4,700 shares during the period. Landscape Capital Management L.L.C. raised its stake in shares of SportsMap Tech Acquisition by 15.7% in the third quarter. Landscape Capital Management L.L.C. now owns 12,542 shares of the company's stock valued at $126,000 after buying an additional 1,700 shares during the period. Centiva Capital LP bought a new stake in shares of SportsMap Tech Acquisition in the second quarter valued at $148,000. OTA Financial Group L.P. bought a new stake in shares of SportsMap Tech Acquisition in the second quarter valued at $261,000. Finally, Basso Capital Management L.P. raised its stake in shares of SportsMap Tech Acquisition by 23.9% in the first quarter. Basso Capital Management L.P. now owns 38,288 shares of the company's stock valued at $379,000 after buying an additional 7,376 shares during the period.

SportsMap Tech Acquisition Price Performance

Shares of SMAP remained flat at $10.24 during mid-day trading on Friday. The company's stock had a trading volume of 12,637 shares, compared to its average volume of 18,639. The stock's 50 day moving average price is $10.15 and its two-hundred day moving average price is $10.04. SportsMap Tech Acquisition Corp. has a 52-week low of $9.83 and a 52-week high of $10.88.

SportsMap Tech Acquisition Company Profile

SportsMap Tech Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is headquartered in Houston, Texas.

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