Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Trading Up 0.1% – Here’s Why

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO)’s share price rose 0.1% during trading on Tuesday . The stock traded as high as $11.65 and last traded at $11.64. Approximately 1,007 shares traded hands during trading, a decline of 99% from the average daily volume of 84,733 shares. The stock had previously closed at $11.63.

Patria Latin American Opportunity Acquisition Stock Up 0.1 %

The firm has a fifty day moving average of $11.63 and a two-hundred day moving average of $11.57.

Institutional Trading of Patria Latin American Opportunity Acquisition

A number of hedge funds have recently bought and sold shares of PLAO. Crossingbridge Advisors LLC purchased a new stake in Patria Latin American Opportunity Acquisition in the third quarter valued at about $2,546,000. Mizuho Securities USA LLC increased its position in shares of Patria Latin American Opportunity Acquisition by 254.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company’s stock valued at $4,196,000 after acquiring an additional 260,697 shares during the period. Wolverine Asset Management LLC lifted its position in Patria Latin American Opportunity Acquisition by 35.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company’s stock worth $4,706,000 after acquiring an additional 106,301 shares during the period. Spartan Fund Management Inc. purchased a new stake in Patria Latin American Opportunity Acquisition during the 3rd quarter valued at about $49,000. Finally, K2 Principal Fund L.P. purchased a new stake in Patria Latin American Opportunity Acquisition in the second quarter valued at approximately $1,374,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.

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.