Wolverine Asset Management LLC Sells 511,965 Shares of HCM II Acquisition Corp. (NASDAQ:HOND)

Key Points

• Wolverine Asset Management LLC has decreased its holdings in HCM II Acquisition Corp. by 66.8%, now owning 254,029 shares after selling 511,965 shares in the first quarter.
• Multiple institutional investors have recently acquired stakes in HCM II Acquisition, with notable purchases from firms like Radcliffe Capital Management and Toronto Dominion Bank, indicating growing interest in the company.
• The current stock price of HCM II Acquisition Corp. is $10.88, approaching a 52-week high of $12.24 while maintaining a 200-day moving average of $10.77.

Wolverine Asset Management LLC reduced its stake in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) by 66.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,029 shares of the company's stock after selling 511,965 shares during the period. Wolverine Asset Management LLC owned about 0.88% of HCM II Acquisition worth $2,672,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HOND. Radcliffe Capital Management L.P. bought a new stake in shares of HCM II Acquisition during the fourth quarter valued at approximately $134,000. Toronto Dominion Bank bought a new stake in shares of HCM II Acquisition during the fourth quarter valued at approximately $318,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of HCM II Acquisition during the fourth quarter valued at approximately $752,000. Heights Capital Management Inc. bought a new stake in HCM II Acquisition in the fourth quarter worth $802,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in HCM II Acquisition in the fourth quarter worth $1,745,000.

HCM II Acquisition Trading Up 0.4%

HCM II Acquisition stock traded up $0.05 during mid-day trading on Wednesday, hitting $11.70. The company had a trading volume of 963,947 shares, compared to its average volume of 304,716. The stock's 50 day moving average price is $11.22 and its two-hundred day moving average price is $10.79. HCM II Acquisition Corp. has a 12 month low of $9.90 and a 12 month 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.