Shares of Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO - Get Free Report) shot up 0.1% during trading on Tuesday . The company traded as high as $11.65 and last traded at $11.64. 1,007 shares traded hands during trading, a decline of 99% from the average session volume of 84,733 shares. The stock had previously closed at $11.63.
Patria Latin American Opportunity Acquisition Price Performance
The firm has a 50-day moving average of $11.63 and a two-hundred day moving average of $11.57.
Hedge Funds Weigh In On Patria Latin American Opportunity Acquisition
Hedge funds and other institutional investors have recently modified their holdings of the company. Spartan Fund Management Inc. acquired a new stake in Patria Latin American Opportunity Acquisition during the 3rd quarter worth approximately $49,000. K2 Principal Fund L.P. purchased a new position in shares of Patria Latin American Opportunity Acquisition in the 2nd quarter valued at $1,374,000. Crossingbridge Advisors LLC acquired a new position in shares of Patria Latin American Opportunity Acquisition during the 3rd quarter valued at $2,546,000. Mizuho Securities USA LLC boosted its position in Patria Latin American Opportunity Acquisition by 254.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company's stock worth $4,196,000 after purchasing an additional 260,697 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in Patria Latin American Opportunity Acquisition by 35.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company's stock valued at $4,706,000 after purchasing an additional 106,301 shares in the last quarter. 72.25% of the stock is owned by institutional investors and hedge funds.
About Patria Latin American Opportunity Acquisition
(
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Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.
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