Picton Mahoney Asset Management Sells 200,000 Shares of HCM II Acquisition Corp. (NASDAQ:HOND)

Key Points

• Picton Mahoney Asset Management reduced its stake in HCM II Acquisition Corp. by 10.1%, selling 200,000 shares during the first quarter, which left them with approximately 1,780,000 shares worth $18,726,000.
• Several hedge funds have recently established new positions in HCM II Acquisition, including Millennium Management and Context Capital Management, contributing to increasing institutional interest in the stock.
• HCM II Acquisition Corp. shares opened at $11.05 and have fluctuated between a fifty-two week low of $9.90 and a high of $12.24.

Picton Mahoney Asset Management lessened its position in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) by 10.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,780,000 shares of the company's stock after selling 200,000 shares during the quarter. Picton Mahoney Asset Management owned approximately 6.19% of HCM II Acquisition worth $18,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HOND. Millennium Management LLC bought a new position in HCM II Acquisition in the fourth quarter worth $4,509,000. Context Capital Management LLC bought a new position in shares of HCM II Acquisition in the 1st quarter worth about $3,156,000. Two Sigma Investments LP purchased a new position in HCM II Acquisition during the 4th quarter valued at about $5,010,000. Calamos Advisors LLC bought a new stake in HCM II Acquisition during the first quarter worth about $5,288,000. Finally, Toronto Dominion Bank purchased a new stake in HCM II Acquisition in the fourth quarter worth about $318,000.

HCM II Acquisition Stock Down 0.3%

Shares of NASDAQ HOND opened at $11.05 on Tuesday. The firm's 50 day simple moving average is $11.34. HCM II Acquisition Corp. has a fifty-two week low of $9.90 and a fifty-two week high of $12.24.

HCM II Acquisition Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.