FutureTech II Acquisition Corp. (NASDAQ:FTII - Get Free Report)'s share price shot up 4.8% on Tuesday . The company traded as high as $11.78 and last traded at $11.78. 202 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 8,947 shares. The stock had previously closed at $11.24.
FutureTech II Acquisition Stock Performance
The company's fifty day moving average is $11.58 and its 200-day moving average is $11.53.
Hedge Funds Weigh In On FutureTech II Acquisition
A hedge fund recently raised its stake in FutureTech II Acquisition stock. K2 Principal Fund L.P. grew its holdings in FutureTech II Acquisition Corp. (NASDAQ:FTII - Free Report) by 110.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,296 shares of the company's stock after acquiring an additional 55,296 shares during the quarter. K2 Principal Fund L.P. owned 1.81% of FutureTech II Acquisition worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 65.83% of the company's stock.
FutureTech II Acquisition Company Profile
(
Get Free Report)
FutureTech II Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire and manage a business in the technology industry.
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