BNP Paribas Arbitraging MULN Stock and Puts

According to a recent Form 13F filing submitted to the SEC, BNP Paribas Arbitrage SNC disclosed a noteworthy arbitrage position in MULN stock. Here’s what you need to know about Mullen Automotive, Inc., as well as BNP Paribas Arbitrage’s position in shares of MULN stock:

About Mullen Automotive, Inc. (NASDAQ: MULN)

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California. Learn more about Mullen Automotive, Inc. on their website here

BNP Paribas Arbitrage Position in MULN

According to the most recent 13F filed by BNP Paribas Arbitrage, the firm picked up a new position of 829,531 shares of MULN stock for its holdings in the recent quarter. That represents approximately 0.1448% of the entire 572,894,033 MULN shares outstanding. It is worth noting that the MULN position is being arbitraged with 7,250 MULN put contracts. Based on the most recent closing price of $0.30 per share of MULN, the entire BNP Paribas Arbitrage long position in Mullen Automotive, Inc. stock is worth roughly $251,679.71.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like BNP Paribas Arbitrage. Also be sure to check out more recent 13F filing analysis news here.