Periscope Capital Inc. bought a new stake in shares of HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 200,000 shares of the company's stock, valued at approximately $2,004,000. HCM II Acquisition comprises 1.2% of Periscope Capital Inc.'s holdings, making the stock its 29th largest holding. Periscope Capital Inc. owned about 0.70% of HCM II Acquisition as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Dakota Wealth Management purchased a new stake in HCM II Acquisition during the fourth quarter valued at $1,037,000. Deltec Asset Management LLC bought a new stake in shares of HCM II Acquisition during the 4th quarter valued at about $1,503,000. Wolverine Asset Management LLC purchased a new stake in shares of HCM II Acquisition during the 4th quarter valued at about $7,675,000. Finally, Picton Mahoney Asset Management bought a new position in shares of HCM II Acquisition in the 4th quarter worth approximately $19,840,000.
HCM II Acquisition Trading Up 0.7 %
NASDAQ HOND traded up $0.07 during trading hours on Friday, hitting $10.20. 1,100 shares of the company's stock traded hands, compared to its average volume of 9,161. HCM II Acquisition Corp. has a 52 week low of $9.90 and a 52 week high of $10.48. The stock has a fifty day simple moving average of $10.11.
HCM II Acquisition Company Profile
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Free Report)
HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.
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