Nabors Energy Transition Corp. II (NASDAQ:NETD) Stock Position Lowered by Periscope Capital Inc.

Periscope Capital Inc. lessened its stake in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the company's stock after selling 150,000 shares during the quarter. Nabors Energy Transition Corp. II comprises approximately 2.5% of Periscope Capital Inc.'s portfolio, making the stock its 7th biggest position. Periscope Capital Inc. owned about 1.05% of Nabors Energy Transition Corp. II worth $4,320,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Wolverine Asset Management LLC lifted its position in Nabors Energy Transition Corp. II by 2.5% in the fourth quarter. Wolverine Asset Management LLC now owns 634,474 shares of the company's stock valued at $6,852,000 after purchasing an additional 15,438 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Nabors Energy Transition Corp. II by 51.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,982 shares of the company's stock valued at $298,000 after buying an additional 9,557 shares during the period. Berkley W R Corp boosted its stake in shares of Nabors Energy Transition Corp. II by 1.7% in the third quarter. Berkley W R Corp now owns 489,266 shares of the company's stock valued at $5,216,000 after buying an additional 8,100 shares in the last quarter. Westchester Capital Management LLC grew its holdings in Nabors Energy Transition Corp. II by 260.4% during the third quarter. Westchester Capital Management LLC now owns 1,434,365 shares of the company's stock worth $15,276,000 after acquiring an additional 1,036,334 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Nabors Energy Transition Corp. II in the third quarter worth $2,130,000. 75.52% of the stock is owned by institutional investors and hedge funds.

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Nabors Energy Transition Corp. II Stock Performance

Shares of NASDAQ NETD remained flat at $10.98 during trading on Friday. 29,952 shares of the company's stock traded hands, compared to its average volume of 146,607. Nabors Energy Transition Corp. II has a 52 week low of $10.38 and a 52 week high of $11.10. The stock has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $10.78.

Nabors Energy Transition Corp. II Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.