Virtu Financial LLC Sells 132,479 Shares of HCM II Acquisition Corp. $HOND

Key Points

• Virtu Financial LLC significantly decreased its stake in HCM II Acquisition Corp., selling 132,479 shares and now owning only 13,540 shares worth $143,000.
• Several hedge funds have recently entered positions in HCM II Acquisition, with notable investments including MMCAP International at approximately $10.3 million and Context Capital Management at about $3.2 million.
• As of Monday, HCM II Acquisition Corp. shares are trading at $11.51, showing a slight decline of 0.5%, with a yearly trading range between $9.90 and $12.24.

Virtu Financial LLC cut its holdings in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) by 90.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,540 shares of the company's stock after selling 132,479 shares during the quarter. Virtu Financial LLC's holdings in HCM II Acquisition were worth $143,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HOND. Millennium Management LLC bought a new stake in shares of HCM II Acquisition during the fourth quarter valued at approximately $4,509,000. Context Capital Management LLC bought a new stake in shares of HCM II Acquisition during the first quarter valued at approximately $3,156,000. MMCAP International Inc. SPC bought a new stake in shares of HCM II Acquisition during the first quarter valued at approximately $10,310,000. Two Sigma Investments LP bought a new stake in shares of HCM II Acquisition during the fourth quarter valued at approximately $5,010,000. Finally, Calamos Advisors LLC bought a new stake in shares of HCM II Acquisition during the first quarter valued at approximately $5,288,000.

HCM II Acquisition Trading Up 1.3%

Shares of NASDAQ HOND traded up $0.15 during midday trading on Friday, hitting $11.51. 115,475 shares of the stock traded hands, compared to its average volume of 307,182. HCM II Acquisition Corp. has a one year low of $9.90 and a one year high of $12.24. The business has a 50 day moving average price of $11.21 and a two-hundred day moving average price of $10.86.

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.