https://wccftech.com/nikola-nkla-in-the-spotlight-as-valueact-discloses-a-5-6-stake-soon-after-the-electric-truck-company-filed-a-prospectus-for-the-issuance-of-new-shares/

Nikola (NASDAQ:NKLA), an emerging contender in the EV sphere, has been making waves in the halls of finance since debuting on the NASDAQ about two weeks ago. The stock’s growing popularity, particularly with investors who use the Robinhood trading app, helped propel it to a new zenith last week. Now, it seems even institutional investors are susceptible to Nikola’s charms.

In the last few hours, ValueAct Capital – a San Francisco-based investment company that manages over $16 billion on behalf of other institutional investors – has disclosed a 5.6 percent stake in Nikola Corporation, equating to 20.36 million shares on the basis of 360.9 million shares that the company recorded as outstanding as of the 3rd of June.