Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Stock Price Up 0.2%

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) rose 0.2% during trading on Thursday . The stock traded as high as $11.02 and last traded at $11.02. Approximately 1,138,787 shares traded hands during mid-day trading, an increase of 489% from the average daily volume of 193,424 shares. The stock had previously closed at $11.00.

Patria Latin American Opportunity Acquisition Price Performance

The company’s fifty day moving average price is $10.97 and its 200 day moving average price is $10.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in Patria Latin American Opportunity Acquisition during the 1st quarter valued at about $53,000. Meteora Capital LLC acquired a new position in Patria Latin American Opportunity Acquisition during the 4th quarter valued at about $114,000. Schonfeld Strategic Advisors LLC acquired a new position in Patria Latin American Opportunity Acquisition during the 1st quarter valued at about $158,000. Bank of Montreal Can bought a new stake in shares of Patria Latin American Opportunity Acquisition during the 2nd quarter worth about $241,000. Finally, Sea Otter Advisors LLC bought a new stake in shares of Patria Latin American Opportunity Acquisition during the 1st quarter worth about $264,000. 55.21% of the stock is owned by institutional investors and hedge funds.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, ordinary shares purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.