Wolverine Asset Management LLC Increases Position in Andretti Acquisition Corp. II (NASDAQ:POLE)

Key Points

• Wolverine Asset Management LLC increased its position in Andretti Acquisition Corp. II by 234.9%, owning approximately 658,099 shares valued at $6.67 million as of the latest SEC disclosure.
• Other institutional investors, such as Tidal Investments and Heights Capital Management, also established new stakes in Andretti Acquisition Corp. II during the fourth quarter of the previous year.
• The stock of Andretti Acquisition Corp. II traded at $10.43, with a 12-month range between $9.94 and $11.16.

Wolverine Asset Management LLC increased its position in Andretti Acquisition Corp. II (NASDAQ:POLE - Free Report) by 234.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 658,099 shares of the company's stock after acquiring an additional 461,607 shares during the period. Wolverine Asset Management LLC owned approximately 2.23% of Andretti Acquisition Corp. II worth $6,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POLE. Polar Asset Management Partners Inc. acquired a new stake in Andretti Acquisition Corp. II during the 4th quarter worth about $17,491,000. LMR Partners LLP acquired a new stake in Andretti Acquisition Corp. II during the 4th quarter worth about $16,992,000. AQR Arbitrage LLC acquired a new stake in Andretti Acquisition Corp. II during the 4th quarter worth about $15,194,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Andretti Acquisition Corp. II during the 4th quarter valued at about $9,890,000. Finally, Calamos Advisors LLC purchased a new position in shares of Andretti Acquisition Corp. II in the 1st quarter valued at about $8,374,000.

Andretti Acquisition Corp. II Price Performance

Shares of Andretti Acquisition Corp. II stock traded down $0.01 on Friday, hitting $10.42. The company's stock had a trading volume of 548,034 shares, compared to its average volume of 17,467. Andretti Acquisition Corp. II has a 1 year low of $9.94 and a 1 year high of $11.16. The firm has a fifty day moving average price of $10.39 and a 200-day moving average price of $10.23.

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.