50,000 Shares in FutureTech II Acquisition Corp. (NASDAQ:FTII) Acquired by K2 Principal Fund L.P.

K2 Principal Fund L.P. purchased a new position in shares of FutureTech II Acquisition Corp. (NASDAQ:FTII - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company's stock, valued at approximately $551,000. K2 Principal Fund L.P. owned about 0.86% of FutureTech II Acquisition at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FTII. Clear Street LLC bought a new position in FutureTech II Acquisition during the 2nd quarter worth $2,610,000. Cowen AND Company LLC increased its stake in shares of 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 buying an additional 105,440 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of FutureTech II Acquisition during the first quarter worth about $118,000. Institutional investors and hedge funds own 65.83% of the company's stock.

FutureTech II Acquisition Price Performance

Shares of FutureTech II Acquisition stock remained flat at $11.12 during midday trading on Tuesday. The stock has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $11.09. FutureTech II Acquisition Corp. has a 52 week low of $10.76 and a 52 week high of $12.20.

FutureTech II Acquisition Profile

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.