Stock Traders Purchase High Volume of HCM II Acquisition Call Options (NASDAQ:HOND)

HCM II Acquisition Corp. (NASDAQ:HOND) was the recipient of unusually large options trading activity on Thursday. Traders bought 3,189 call options on the stock. This is an increase of approximately 35% compared to the average volume of 2,365 call options.

Institutional Investors Weigh In On HCM II Acquisition

Several large investors have recently made changes to their positions in HOND. North Capital Inc. bought a new stake in shares of HCM II Acquisition during the 2nd quarter worth $67,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in HCM II Acquisition during the second quarter worth about $209,000. Mizuho Securities USA LLC bought a new stake in HCM II Acquisition in the first quarter worth about $271,000. Toronto Dominion Bank bought a new stake in HCM II Acquisition in the fourth quarter worth about $318,000. Finally, FNY Investment Advisers LLC boosted its stake in HCM II Acquisition by 41,400.0% in the second quarter. FNY Investment Advisers LLC now owns 41,500 shares of the company’s stock valued at $460,000 after acquiring an additional 41,400 shares during the last quarter.

HCM II Acquisition Stock Down 10.4%

HOND stock opened at $15.79 on Friday. The business has a 50 day moving average of $11.85 and a 200-day moving average of $11.28. HCM II Acquisition has a 12-month low of $9.90 and a 12-month high of $18.07.

About HCM II Acquisition

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.