Bank of Montreal Can Makes New Investment in Infinite Acquisition Corp. (NYSE:NFNT)

Bank of Montreal Can acquired a new position in shares of Infinite Acquisition Corp. (NYSE:NFNT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 328,000 shares of the company’s stock, valued at approximately $3,493,000. Bank of Montreal Can owned 1.19% of Infinite Acquisition as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NFNT. Basso Capital Management L.P. purchased a new stake in Infinite Acquisition during the first quarter worth approximately $358,000. First Trust Capital Management L.P. purchased a new position in shares of Infinite Acquisition in the fourth quarter valued at $130,000. Shaolin Capital Management LLC purchased a new position in shares of Infinite Acquisition in the fourth quarter valued at $1,281,000. Kim LLC boosted its stake in shares of Infinite Acquisition by 1,274.0% in the first quarter. Kim LLC now owns 343,500 shares of the company’s stock valued at $3,578,000 after purchasing an additional 318,500 shares during the period. Finally, Atlas Merchant Capital LLC boosted its stake in shares of Infinite Acquisition by 120.0% in the first quarter. Atlas Merchant Capital LLC now owns 220,000 shares of the company’s stock valued at $2,291,000 after purchasing an additional 120,000 shares during the period. 73.92% of the stock is currently owned by hedge funds and other institutional investors.

Infinite Acquisition Stock Performance

Shares of NFNT stock opened at $10.84 on Monday. The firm has a fifty day simple moving average of $10.76 and a 200-day simple moving average of $10.63. Infinite Acquisition Corp. has a twelve month low of $10.05 and a twelve month high of $10.85.

About Infinite Acquisition

Infinite Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Infinite Acquisition Corp. was incorporated in 2021 and is based in New York, New York.