Glazer Capital LLC Reduces Stock Position in Broadscale Acquisition Corp. (OTCMKTS:SCLEU)

Glazer Capital LLC trimmed its position in Broadscale Acquisition Corp. (OTCMKTS:SCLEU) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,019,899 shares of the company’s stock after selling 78,685 shares during the quarter. Glazer Capital LLC’s holdings in Broadscale Acquisition were worth $10,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCLEU. Millennium Management LLC acquired a new position in Broadscale Acquisition during the 1st quarter worth $22,704,000. Sculptor Capital LP acquired a new position in Broadscale Acquisition during the 1st quarter worth $20,685,000. BlueCrest Capital Management Ltd acquired a new position in Broadscale Acquisition during the 1st quarter worth $11,892,000. Aristeia Capital LLC acquired a new position in Broadscale Acquisition during the 1st quarter worth $11,514,000. Finally, First Pacific Advisors LP acquired a new position in Broadscale Acquisition during the 2nd quarter worth $8,336,000.

SCLEU stock traded down $0.05 during trading on Thursday, reaching $9.89. 251,125 shares of the company’s stock were exchanged, compared to its average volume of 105,437. Broadscale Acquisition Corp. has a 1-year low of $9.79 and a 1-year high of $11.00. The company’s fifty day moving average price is $9.90 and its 200-day moving average price is $9.96.

About Broadscale Acquisition

Broadscale Acquisition Corp. is a blank check company. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.

Further Reading: 52-week highs

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Institutional Ownership by Quarter for Broadscale Acquisition (OTCMKTS:SCLEU)

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