Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Shares Up 0.4% - What's Next?

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO - Get Free Report) shares were up 0.4% during mid-day trading on Wednesday . The stock traded as high as $11.65 and last traded at $11.69. Approximately 200 shares were traded during trading, an increase of 180% from the average daily volume of 71 shares. The stock had previously closed at $11.64.

Patria Latin American Opportunity Acquisition Stock Up 0.3 %

The business has a fifty day moving average of $11.64 and a 200 day moving average of $11.59.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PLAO. Spartan Fund Management Inc. acquired a new position in Patria Latin American Opportunity Acquisition during the third quarter valued at approximately $49,000. Wolverine Asset Management LLC boosted its position in Patria Latin American Opportunity Acquisition by 35.6% during the third 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 during the last quarter. Crossingbridge Advisors LLC acquired a new position in Patria Latin American Opportunity Acquisition during the third quarter valued at approximately $2,546,000. Finally, Mizuho Securities USA LLC boosted its position in Patria Latin American Opportunity Acquisition by 254.1% during the third quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company's stock valued at $4,196,000 after purchasing an additional 260,697 shares during the last quarter. 72.25% of the stock is currently owned by institutional investors.

Patria Latin American Opportunity Acquisition Company Profile

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.