CIIG Capital Partners II, Inc. (OTCMKTS:CIIG – Get Free Report)’s share price traded up 3.3% during mid-day trading on Tuesday . The company traded as high as $10.47 and last traded at $8.75. 2,530,600 shares were traded during trading, an increase of 630% from the average session volume of 346,450 shares. The stock had previously closed at $8.47.
CIIG Capital Partners II Stock Performance
The business’s 50-day simple moving average is $8.75 and its 200 day simple moving average is $8.75.
Institutional Trading of CIIG Capital Partners II
A number of hedge funds and other institutional investors have recently made changes to their positions in CIIG. Bank of America Corp DE bought a new stake in shares of CIIG Capital Partners II in the 1st quarter worth approximately $7,936,000. Sandia Investment Management LP purchased a new position in shares of CIIG Capital Partners II in the first quarter worth approximately $6,148,000. Boothbay Fund Management LLC purchased a new position in shares of CIIG Capital Partners II in the fourth quarter worth approximately $3,676,000. Glazer Capital LLC increased its position in shares of CIIG Capital Partners II by 1,196.2% in the first quarter. Glazer Capital LLC now owns 272,009 shares of the company’s stock worth $2,829,000 after acquiring an additional 251,024 shares in the last quarter. Finally, Meteora Capital LLC purchased a new position in shares of CIIG Capital Partners II in the fourth quarter worth approximately $1,925,000. 70.03% of the stock is currently owned by institutional investors.
About CIIG Capital Partners II
CIIG Capital Partners II, Inc does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of technology, media, and telecommunications industries, as well as companies with business models that are enabled by technology.
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