FutureTech II Acquisition Corp. (NASDAQ:FTII - Get Free Report)'s share price traded up 5.4% on Monday . The company traded as high as $11.98 and last traded at $11.95. 1,200 shares were traded during mid-day trading, an increase of 41% from the average session volume of 850 shares. The stock had previously closed at $11.34.
FutureTech II Acquisition Stock Performance
The stock has a fifty day simple moving average of $11.25 and a 200-day simple moving average of $11.13.
Institutional Investors Weigh In On FutureTech II Acquisition
Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC raised its holdings in FutureTech II Acquisition by 41.9% during the third quarter. Virtu Financial LLC now owns 35,356 shares of the company's stock worth $396,000 after purchasing an additional 10,438 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in shares of FutureTech II Acquisition in the 2nd quarter valued at $551,000. Berkley W R Corp raised its stake in FutureTech II Acquisition by 100.5% during the 3rd quarter. Berkley W R Corp now owns 99,739 shares of the company's stock worth $1,098,000 after acquiring an additional 50,000 shares in the last quarter. Cowen AND Company LLC lifted its position in FutureTech II Acquisition by 700.6% in the second quarter. Cowen AND Company LLC now owns 120,489 shares of the company's stock valued at $1,330,000 after acquiring an additional 105,440 shares during the last quarter. Finally, Clear Street LLC acquired a new position in FutureTech II Acquisition in the second quarter valued at $2,610,000. Hedge funds and other institutional investors own 65.83% of the company's stock.
FutureTech II Acquisition Company Profile
(
Get Free Report)
FutureTech II Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire and manage a business in the technology industry.
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