Karpus Management Inc. trimmed its position in Pyrophyte Acquisition Corp. (NYSE:PHYT – Get Rating) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,775 shares of the company's stock after selling 4,050 shares during the quarter. Karpus Management Inc. owned 0.91% of Pyrophyte Acquisition worth $2,333,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. lifted its position in shares of Pyrophyte Acquisition by 12.0% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 258,976 shares of the company's stock valued at $2,629,000 after acquiring an additional 27,700 shares during the period. Glazer Capital LLC lifted its position in shares of Pyrophyte Acquisition by 0.3% during the 3rd quarter. Glazer Capital LLC now owns 996,559 shares of the company's stock valued at $10,118,000 after acquiring an additional 3,043 shares during the period. Royal Bank of Canada bought a new stake in shares of Pyrophyte Acquisition during the 1st quarter valued at $88,000. First Trust Capital Management L.P. lifted its position in shares of Pyrophyte Acquisition by 25.4% during the 3rd quarter. First Trust Capital Management L.P. now owns 125,381 shares of the company's stock valued at $1,273,000 after acquiring an additional 25,381 shares during the period. Finally, Aristeia Capital LLC lifted its position in shares of Pyrophyte Acquisition by 25.7% during the 3rd quarter. Aristeia Capital LLC now owns 440,000 shares of the company's stock valued at $4,467,000 after acquiring an additional 90,000 shares during the period. 74.11% of the stock is owned by institutional investors and hedge funds.
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NYSE:PHYT opened at $10.48 on Tuesday. The stock has a fifty day moving average price of $10.40 and a 200-day moving average price of $10.26. Pyrophyte Acquisition Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $10.48.
About Pyrophyte Acquisition
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Pyrophyte Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses or assets in the energy transition industries. The company was incorporated in 2021 and is based in Houston, Texas.
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