Shares of Dune Acquisition Corp II (NASDAQ:IPODU – Get Free Report) traded up 1.2% on Wednesday . The company traded as high as $10.44 and last traded at $10.44. 3,000 shares were traded during mid-day trading, a decline of 96% from the average session volume of 84,650 shares. The stock had previously closed at $10.32.
Dune Acquisition Corp II Stock Performance
The business has a 50 day moving average of $10.38 and a 200 day moving average of $10.30.
Institutional Trading of Dune Acquisition Corp II
Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in Dune Acquisition Corp II during the 2nd quarter worth approximately $153,000. OMERS ADMINISTRATION Corp acquired a new stake in Dune Acquisition Corp II in the fourth quarter worth $259,000. Clear Street Group Inc. boosted its position in shares of Dune Acquisition Corp II by 3,546.9% during the fourth quarter. Clear Street Group Inc. now owns 30,816 shares of the company’s stock worth $318,000 after purchasing an additional 29,971 shares in the last quarter. Clear Street LLC acquired a new position in shares of Dune Acquisition Corp II in the 2nd quarter valued at $3,820,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Dune Acquisition Corp II in the 2nd quarter valued at $4,009,000.
Dune Acquisition Corp II Company Profile
Dune Acquisition Corp II is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker IPODU. Established in 2021, the company launched an initial public offering to raise capital with the sole purpose of identifying, acquiring, and merging with one or more businesses. As a blank‐check vehicle, it provides private companies with an alternative route to public market access through a business combination.
The company is sponsored by Dune Capital Management LP, a multi‐strategy alternative investment firm based in New York.
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