PowerUp Acquisition (NASDAQ:PWUP) Trading Down 0.2%

PowerUp Acquisition Corp. (NASDAQ:PWUP) traded down 0.2% on Tuesday . The stock traded as low as $11.23 and last traded at $11.23. 121,587 shares changed hands during mid-day trading, an increase of 409% from the average session volume of 23,878 shares. The stock had previously closed at $11.25.

PowerUp Acquisition Trading Down 0.2 %

The firm has a fifty day moving average price of $11.08 and a 200-day moving average price of $10.99.

Hedge Funds Weigh In On PowerUp Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in PWUP. Robinson Capital Management LLC raised its position in PowerUp Acquisition by 247.8% during the third quarter. Robinson Capital Management LLC now owns 11,250 shares of the company’s stock valued at $130,000 after purchasing an additional 8,015 shares in the last quarter. Tuttle Capital Management LLC bought a new position in shares of PowerUp Acquisition in the 4th quarter valued at $185,000. Mizuho Securities USA LLC acquired a new position in shares of PowerUp Acquisition during the 3rd quarter worth $376,000. Westchester Capital Management LLC bought a new stake in shares of PowerUp Acquisition during the 3rd quarter worth $420,000. Finally, First Pacific Advisors LP acquired a new stake in PowerUp Acquisition in the first quarter valued at about $628,000. 19.17% of the stock is currently owned by institutional investors and hedge funds.

About PowerUp Acquisition

PowerUp Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on video gaming, gaming adjacent, and metaverse businesses.