1,959,198 Shares in HCM II Acquisition Corp. $HOND Purchased by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC purchased approximately 1,959,198 shares of HCM II Acquisition Corp., valued at around $20.7 million, amounting to a 6.81% ownership stake by the end of the first quarter.
• Other institutional investors, including Mizuho Securities USA LLC and Toronto Dominion Bank, also acquired shares in HCM II Acquisition Corp. during the first and fourth quarters, reflecting increased interest in the company.
• HCM II Acquisition Corp. trades under the symbol $HOND, with its stock showing a 12-month range of $9.90 to $12.24.

Magnetar Financial LLC purchased a new position in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,959,198 shares of the company's stock, valued at approximately $20,719,000. Magnetar Financial LLC owned about 6.81% of HCM II Acquisition at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mizuho Securities USA LLC acquired a new stake in shares of HCM II Acquisition in the first quarter worth about $271,000. Toronto Dominion Bank acquired a new stake in shares of HCM II Acquisition in the fourth quarter worth about $318,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of HCM II Acquisition in the fourth quarter worth about $752,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of HCM II Acquisition in the fourth quarter worth about $1,745,000. Finally, Centiva Capital LP acquired a new stake in shares of HCM II Acquisition in the fourth quarter worth about $1,956,000.

HCM II Acquisition Price Performance

Shares of NASDAQ:HOND traded down $0.07 on Monday, reaching $11.70. The company had a trading volume of 177,380 shares, compared to its average volume of 667,971. HCM II Acquisition Corp. has a twelve month low of $9.90 and a twelve month high of $12.24. The stock has a 50-day moving average price of $11.21 and a 200 day moving average price of $10.94.

HCM II Acquisition Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.