Dune Acquisition Corp II (NASDAQ:IPODU – Get Free Report)’s share price rose 0.1% during mid-day trading on Thursday . The company traded as high as $10.45 and last traded at $10.45. Approximately 100 shares traded hands during trading, a decline of 94% from the average daily volume of 1,550 shares. The stock had previously closed at $10.44.
Dune Acquisition Corp II Stock Up 0.1%
The firm has a fifty day moving average price of $10.42 and a 200 day moving average price of $10.32.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Dune Acquisition Corp II in the 2nd quarter valued at about $10,200,000. LMR Partners LLP bought a new stake in Dune Acquisition Corp II in the second quarter valued at approximately $4,080,000. Clear Street LLC acquired a new stake in shares of Dune Acquisition Corp II in the second quarter valued at approximately $3,820,000. Clear Street Group Inc. boosted its stake in shares of Dune Acquisition Corp II by 3,546.9% during the 4th quarter. Clear Street Group Inc. now owns 30,816 shares of the company’s stock worth $318,000 after acquiring an additional 29,971 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Dune Acquisition Corp II during the 4th quarter worth approximately $259,000.
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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