East Resources Acquisition (NASDAQ:ERES – Get Rating) shares traded up 0.2% on Monday . The stock traded as high as $10.29 and last traded at $10.28. 621 shares were traded during mid-day trading, a decline of 91% from the average session volume of 6,896 shares. The stock had previously closed at $10.26.
East Resources Acquisition Stock Performance
The firm’s fifty day moving average is $10.26 and its 200 day moving average is $10.16.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP lifted its stake in East Resources Acquisition by 481.2% in the 4th quarter. HRT Financial LP now owns 210,308 shares of the company’s stock valued at $2,136,000 after purchasing an additional 174,125 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new position in shares of East Resources Acquisition in the 4th quarter worth approximately $1,640,000. Boothbay Fund Management LLC bought a new position in shares of East Resources Acquisition in the 4th quarter worth about $947,000. Royal Bank of Canada raised its holdings in shares of East Resources Acquisition by 3,108.7% during the first quarter. Royal Bank of Canada now owns 70,591 shares of the company’s stock valued at $700,000 after purchasing an additional 68,391 shares during the period. Finally, Sculptor Capital LP grew its stake in shares of East Resources Acquisition by 29.5% in the 1st quarter. Sculptor Capital LP now owns 281,629 shares of the company’s stock valued at $2,791,000 after buying an additional 64,097 shares during the period.
About East Resources Acquisition
East Resources Acquisition Company does not have significant operations. The company focuses on effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of energy in North America.
Read More
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