Abundance Bets Big on PureCycle, Adding 6.7 Million Shares of the Heavily Shorted Stock
2026-04-23 09:15:28 ET
According to its SEC filing dated April 22, 2026, Abundance Wealth Counselors increased its stake in PureCycle Technologies (NASDAQ:PCT) by 6,722,837 shares during the first quarter. The estimated transaction value is $55.99 million, based on the average closing price for the quarter. The quarter-end value of the position rose by $28.72 million, a figure that reflects both the share addition and stock price changes over the period.
PureCycle Technologies, Inc. is an industrial recycling company specializing in the production of high-purity recycled polypropylene from post-consumer waste. Leveraging a purification process, the company converts waste polypropylene into ultra-pure resin. The company produces ultra-pure recycled resin with properties similar to virgin polypropylene.
Founded in 2015, PureCycle Technologies is a small-cap industrial company whose expenses over the last 12 months exceeded its revenue. That makes it a relatively high-risk, high-potential-reward play on its polypropylene recycling services. At more than 6% of its assets under management, and in the No. 2 position, Abundance seems to have faith in PureCycle stock.
NASDAQ: PCT
PCT Trading
26.04% G/L:
$12.56 Last:
9,530,892 Volume:
$11.565 Open:
