M3-Brigade Acquisition II (NYSE:MBAC) Shares Gap Up to $10.06

M3-Brigade Acquisition II Corp. (NYSE:MBACGet Rating) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.06, but opened at $10.36. M3-Brigade Acquisition II shares last traded at $10.08, with a volume of 400 shares changing hands.

M3-Brigade Acquisition II Price Performance

The business’s 50 day moving average price is $9.98 and its two-hundred day moving average price is $9.88.

Institutional Investors Weigh In On M3-Brigade Acquisition II

A number of hedge funds have recently made changes to their positions in MBAC. Bulldog Investors LLP acquired a new stake in M3-Brigade Acquisition II during the 2nd quarter worth approximately $100,000. Centiva Capital LP acquired a new stake in M3-Brigade Acquisition II during the 2nd quarter worth approximately $270,000. OTA Financial Group L.P. acquired a new stake in M3-Brigade Acquisition II during the 3rd quarter worth approximately $304,000. Landscape Capital Management L.L.C. boosted its position in M3-Brigade Acquisition II by 92.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 50,251 shares of the company’s stock worth $493,000 after buying an additional 24,100 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in M3-Brigade Acquisition II during the 2nd quarter worth approximately $575,000. 74.63% of the stock is currently owned by institutional investors and hedge funds.

M3-Brigade Acquisition II Company Profile

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M3-Brigade Acquisition II Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. M3-Brigade Acquisition II Corp. was incorporated in 2020 and is based in New York, New York.

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