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SIR Capital Management L.P. Takes Position in Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDB)

Financial News Live ·  Sep 10, 2022 11:52

SIR Capital Management L.P. acquired a new stake in Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDB – Get Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 350,000 shares of the company's stock, valued at approximately $3,423,000. SIR Capital Management L.P. owned approximately 4.87% of Power & Digital Infrastructure Acquisition II at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Verition Fund Management LLC acquired a new stake in shares of Power & Digital Infrastructure Acquisition II in the first quarter valued at $115,000. Arena Capital Advisors LLC CA acquired a new stake in Power & Digital Infrastructure Acquisition II in the first quarter valued at $8,945,000. P Schoenfeld Asset Management LP acquired a new stake in Power & Digital Infrastructure Acquisition II in the first quarter valued at $5,773,000. Spring Creek Capital LLC acquired a new stake in Power & Digital Infrastructure Acquisition II in the first quarter valued at $3,914,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Power & Digital Infrastructure Acquisition II in the first quarter valued at $489,000.

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Power & Digital Infrastructure Acquisition II Stock Performance

Power & Digital Infrastructure Acquisition II stock remained flat at $9.86 during midday trading on Friday. The company's stock had a trading volume of 133 shares, compared to its average volume of 6,840. Power & Digital Infrastructure Acquisition II Corp. has a one year low of $9.70 and a one year high of $10.47. The firm has a fifty day moving average price of $9.85.

Power & Digital Infrastructure Acquisition II Profile

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Power & Digital Infrastructure Acquisition II Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities in the renewable and transition energy sector in North America.

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