AQR Arbitrage LLC Sells 115,000 Shares of Andretti Acquisition Corp. II $POLE

Key Points

• AQR Arbitrage LLC reduced its stake in Andretti Acquisition Corp. II by 7.6%, holding 1,405,933 shares after selling 115,000 shares during the first quarter.
• Several investors, including Polar Asset Management and LMR Partners, initiated new positions in Andretti Acquisition Corp. II, reflecting growing interest with transactions totaling over $44 million.
• As of the latest trading session, Andretti Acquisition Corp. II's stock is priced at $10.43, with a 12-month range between $9.94 and $11.16.

AQR Arbitrage LLC lowered its stake in Andretti Acquisition Corp. II (NASDAQ:POLE - Free Report) by 7.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,405,933 shares of the company's stock after selling 115,000 shares during the quarter. AQR Arbitrage LLC owned about 4.76% of Andretti Acquisition Corp. II worth $14,270,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in POLE. Polar Asset Management Partners Inc. bought a new stake in Andretti Acquisition Corp. II during the fourth quarter worth $17,491,000. LMR Partners LLP bought a new stake in Andretti Acquisition Corp. II during the fourth quarter worth $16,992,000. Westchester Capital Management LLC raised its position in Andretti Acquisition Corp. II by 63.2% during the first quarter. Westchester Capital Management LLC now owns 1,161,916 shares of the company's stock worth $11,793,000 after acquiring an additional 450,000 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Andretti Acquisition Corp. II in the fourth quarter valued at $9,890,000. Finally, Calamos Advisors LLC acquired a new position in shares of Andretti Acquisition Corp. II in the first quarter valued at $8,374,000.

Andretti Acquisition Corp. II Price Performance

Shares of NASDAQ:POLE remained flat at $10.42 on Monday. 25,603 shares of the company's stock traded hands, compared to its average volume of 3,658. Andretti Acquisition Corp. II has a 12-month low of $9.94 and a 12-month high of $11.16. The stock's fifty day moving average is $10.41 and its 200 day moving average is $10.29.

About Andretti Acquisition Corp. II

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.