PropTech Investment Co. II (OTCMKTS:PTICU) Stock Price Up 13.6%

PropTech Investment Co. II (OTCMKTS:PTICU – Get Rating) rose 13.6% on Wednesday . The company traded as high as $10.85 and last traded at $10.54. Approximately 2,100 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 9,001 shares. The stock had previously closed at $9.28.

PropTech Investment Co. II Price Performance

The stock’s 50 day moving average is $10.54 and its two-hundred day moving average is $10.27.

Institutional Trading of PropTech Investment Co. II

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sandia Investment Management LP boosted its position in PropTech Investment Co. II by 76.1% in the third quarter. Sandia Investment Management LP now owns 243,125 shares of the company’s stock valued at $2,424,000 after buying an additional 105,100 shares in the last quarter. Virtu Financial LLC acquired a new position in PropTech Investment Co. II in the third quarter valued at about $213,000. Finally, UBS Group AG boosted its position in PropTech Investment Co. II by 9.2% in the third quarter. UBS Group AG now owns 11,894 shares of the company’s stock valued at $119,000 after buying an additional 1,000 shares in the last quarter.

PropTech Investment Co. II Company Profile

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PropTech Investment Corporation II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the PropTech or real estate industries. The company was incorporated in 2020 and is based in Wilson, Wyoming.