Pegasus Digital Mobility Acquisition (NYSE:PGSS) Shares Down 7%

Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS) dropped 7% during mid-day trading on Wednesday . The stock traded as low as $10.39 and last traded at $10.60. Approximately 18,755 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 48,933 shares. The stock had previously closed at $11.40.

Pegasus Digital Mobility Acquisition Stock Down 7.0 %

The company has a 50 day moving average of $11.24 and a 200-day moving average of $11.12.

Institutional Trading of Pegasus Digital Mobility Acquisition

Several large investors have recently modified their holdings of PGSS. Virtu Financial LLC bought a new stake in Pegasus Digital Mobility Acquisition during the 4th quarter valued at approximately $163,000. Susquehanna International Group LLP boosted its position in Pegasus Digital Mobility Acquisition by 48.9% during the 4th quarter. Susquehanna International Group LLP now owns 19,335 shares of the company’s stock valued at $199,000 after acquiring an additional 6,346 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in Pegasus Digital Mobility Acquisition during the 4th quarter valued at approximately $398,000. Verition Fund Management LLC boosted its position in Pegasus Digital Mobility Acquisition by 4.6% during the 4th quarter. Verition Fund Management LLC now owns 46,461 shares of the company’s stock valued at $478,000 after acquiring an additional 2,030 shares in the last quarter. Finally, K2 Principal Fund L.P. bought a new stake in Pegasus Digital Mobility Acquisition during the 4th quarter valued at approximately $586,000. 46.03% of the stock is owned by institutional investors.

About Pegasus Digital Mobility Acquisition

Pegasus Digital Mobility Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify potential business combination targets in the transportation sector.