Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Shares Up 0.1%

Shares of Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) traded up 0.1% on Wednesday . The stock traded as high as $11.33 and last traded at $11.33. 61,486 shares were traded during trading, a decline of 23% from the average session volume of 79,587 shares. The stock had previously closed at $11.32.

Patria Latin American Opportunity Acquisition Stock Performance

The company has a fifty day simple moving average of $11.27 and a two-hundred day simple moving average of $11.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLAO. Quarry LP bought a new stake in shares of Patria Latin American Opportunity Acquisition in the first quarter valued at about $53,000. Meteora Capital LLC bought a new stake in shares of Patria Latin American Opportunity Acquisition in the fourth quarter valued at about $114,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Patria Latin American Opportunity Acquisition in the first quarter valued at about $158,000. Sea Otter Advisors LLC bought a new stake in shares of Patria Latin American Opportunity Acquisition in the first quarter valued at about $264,000. Finally, Walleye Trading LLC bought a new stake in shares of Patria Latin American Opportunity Acquisition in the second quarter valued at about $271,000. 72.25% of the stock is currently owned by institutional investors.

About Patria Latin American Opportunity Acquisition

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.