724,498 Shares in Progress Acquisition Corp. (NASDAQ:PGRW) Acquired by Castle Creek Arbitrage LLC

Castle Creek Arbitrage LLC acquired a new position in Progress Acquisition Corp. (NASDAQ:PGRW) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 724,498 shares of the company’s stock, valued at approximately $7,017,000. Castle Creek Arbitrage LLC owned about 14.90% of Progress Acquisition at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PGRW. Sanders Morris Harris LLC bought a new position in Progress Acquisition in the 1st quarter worth approximately $307,000. Exos Asset Management LLC bought a new position in Progress Acquisition in the 1st quarter worth approximately $584,000. Wolverine Asset Management LLC bought a new position in Progress Acquisition in the 1st quarter worth approximately $1,925,000. Weiss Asset Management LP bought a new position in Progress Acquisition in the 1st quarter worth approximately $3,389,000. Finally, K2 Principal Fund L.P. bought a new position in Progress Acquisition in the 1st quarter worth approximately $978,000. Hedge funds and other institutional investors own 85.32% of the company’s stock.

PGRW stock traded up $0.02 during trading on Thursday, hitting $9.69. The company had a trading volume of 3,116 shares, compared to its average volume of 18,524. The company has a 50-day simple moving average of $9.72. Progress Acquisition Corp. has a 12 month low of $9.45 and a 12 month high of $10.54.

Progress Acquisition Company Profile

Progress Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Boston, Massachusetts.

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Institutional Ownership by Quarter for Progress Acquisition (NASDAQ:PGRW)

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