Virtu Financial LLC Sells 26,123 Shares of Andretti Acquisition Corp. II $POLE

Key Points

• Virtu Financial LLC significantly reduced its stake in Andretti Acquisition Corp. II, selling 26,123 shares and holding just 10,368 shares by the end of the first quarter.
• Other hedge funds such as Heights Capital Management and Westchester Capital Management recently established new positions in Andretti Acquisition Corp. II, reflecting varied investor interest during the fourth quarter.
• Andretti Acquisition Corp. II's stock opened at $10.43 and has a 52-week range between $9.94 and $11.16, indicating moderate trading activity within that period.

Virtu Financial LLC cut its position in Andretti Acquisition Corp. II (NASDAQ:POLE - Free Report) by 71.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,368 shares of the company's stock after selling 26,123 shares during the period. Virtu Financial LLC's holdings in Andretti Acquisition Corp. II were worth $105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank bought a new position in shares of Andretti Acquisition Corp. II in the fourth quarter worth about $6,020,000. Two Sigma Investments LP bought a new position in shares of Andretti Acquisition Corp. II in the fourth quarter worth about $4,998,000. Calamos Advisors LLC bought a new position in shares of Andretti Acquisition Corp. II in the first quarter worth about $8,374,000. Polar Asset Management Partners Inc. bought a new position in shares of Andretti Acquisition Corp. II in the fourth quarter worth about $17,491,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Andretti Acquisition Corp. II by 234.9% in the first quarter. Wolverine Asset Management LLC now owns 658,099 shares of the company's stock worth $6,667,000 after acquiring an additional 461,607 shares during the last quarter.

Andretti Acquisition Corp. II Stock Performance

Shares of NASDAQ POLE remained flat at $10.42 during trading on Friday. 32 shares of the company's stock were exchanged, compared to its average volume of 45,304. Andretti Acquisition Corp. II has a one year low of $9.94 and a one year high of $11.16. The business's 50 day moving average is $10.40 and its 200 day moving average is $10.25.

Andretti Acquisition Corp. II Company Profile

Andretti Acquisition Corp. II is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Andretti Acquisition Corp. II is based in INDIANAPOLIS, IN.