InterPrivate II Acquisition (NYSEARCA:IPVA) Trading 4.9% Higher

InterPrivate II Acquisition Corp. (NYSEARCA:IPVA)’s share price traded up 4.9% during trading on Friday . The company traded as high as $0.41 and last traded at $0.41. 114,629 shares were traded during trading, an increase of 168% from the average session volume of 42,737 shares. The stock had previously closed at $0.39.

InterPrivate II Acquisition Price Performance

The stock has a 50-day simple moving average of $0.97 and a 200-day simple moving average of $0.80.

Institutional Investors Weigh In On InterPrivate II Acquisition

Hedge funds have recently added to or reduced their stakes in the company. Centiva Capital LP grew its stake in shares of InterPrivate II Acquisition by 20.3% in the 2nd quarter. Centiva Capital LP now owns 24,070 shares of the company’s stock worth $236,000 after buying an additional 4,063 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of InterPrivate II Acquisition by 534.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 84,338 shares of the company’s stock valued at $826,000 after acquiring an additional 71,039 shares during the last quarter. Parallax Volatility Advisers L.P. bought a new stake in InterPrivate II Acquisition in the second quarter worth about $1,008,000. Citadel Advisors LLC lifted its stake in InterPrivate II Acquisition by 0.3% in the third quarter. Citadel Advisors LLC now owns 802,799 shares of the company’s stock worth $7,901,000 after purchasing an additional 2,704 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC bought a new stake in shares of InterPrivate II Acquisition during the third quarter valued at approximately $8,123,000. Institutional investors own 66.13% of the company’s stock.

About InterPrivate II Acquisition

InterPrivate II Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the auto-tech and mobility, business services, consumer, retail, e-commerce, industrial technology sectors.