Periscope Capital Inc. Cuts Stock Holdings in Nabors Energy Transition Corp. II (NASDAQ:NETD)

Periscope Capital Inc. trimmed its position in Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 42.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 550,000 shares of the company's stock after selling 400,000 shares during the period. Nabors Energy Transition Corp. II accounts for about 3.2% of Periscope Capital Inc.'s investment portfolio, making the stock its 6th biggest holding. Periscope Capital Inc. owned about 1.44% of Nabors Energy Transition Corp. II worth $5,863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clear Street LLC acquired a new position in shares of Nabors Energy Transition Corp. II in the 2nd quarter worth approximately $536,000. Dakota Wealth Management acquired a new position in Nabors Energy Transition Corp. II in the second quarter worth $558,000. Virtu Financial LLC increased its stake in Nabors Energy Transition Corp. II by 413.2% during the first quarter. Virtu Financial LLC now owns 76,170 shares of the company's stock valued at $792,000 after purchasing an additional 61,327 shares during the last quarter. Shaolin Capital Management LLC raised its holdings in shares of Nabors Energy Transition Corp. II by 140.0% during the second quarter. Shaolin Capital Management LLC now owns 360,000 shares of the company's stock worth $3,791,000 after purchasing an additional 210,000 shares during the period. Finally, Berkley W R Corp lifted its position in shares of Nabors Energy Transition Corp. II by 106.5% in the 2nd quarter. Berkley W R Corp now owns 481,166 shares of the company's stock worth $5,067,000 after buying an additional 248,150 shares during the last quarter. 75.52% of the stock is owned by institutional investors.

Nabors Energy Transition Corp. II Price Performance

Shares of NASDAQ:NETD traded up $0.01 during trading on Friday, reaching $10.74. 38,205 shares of the company's stock traded hands, compared to its average volume of 38,295. Nabors Energy Transition Corp. II has a 12 month low of $10.27 and a 12 month high of $10.88. The company has a 50 day moving average of $10.68 and a 200-day moving average of $10.61.

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.