Hudson Bay Capital Management LP Acquires Shares of 1,650,000 Trident Acquisitions Corp. Units (TDACU)

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Hudson Bay Capital Management LP acquired a new stake in Trident Acquisitions Corp. Units (OTCMKTS:TDACU) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,650,000 shares of the company’s stock, valued at approximately $16,632,000. Trident Acquisitions Corp. Units comprises approximately 0.2% of Hudson Bay Capital Management LP’s investment portfolio, making the stock its 28th biggest holding.

Separately, Citadel Advisors LLC acquired a new stake in Trident Acquisitions Corp. Units in the second quarter valued at $240,000.

Shares of TDACU stock traded up $0.03 during mid-day trading on Wednesday, hitting $10.10. 1,000 shares of the stock were exchanged, compared to its average volume of 68,900. Trident Acquisitions Corp. Units has a 12-month low of $10.00 and a 12-month high of $10.14.

Trident Acquisitions Corp. Units Company Profile

Trident Acquisitions Corp. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector. The company was founded in 2016 and is based in New York, New York.

Further Reading: Marijuana Stocks Investing Considerations

Want to see what other hedge funds are holding TDACU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trident Acquisitions Corp. Units (OTCMKTS:TDACU).

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