Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU – Get Free Report) traded up 0.3% on Monday . The company traded as high as $10.42 and last traded at $10.41. 352 shares were traded during trading, a decline of 97% from the average session volume of 12,716 shares. The stock had previously closed at $10.38.
Cohen Circle Acquisition Corp. II Trading Up 0.3%
The company’s 50 day moving average is $10.39.
Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II
A number of institutional investors and hedge funds have recently made changes to their positions in CCIIU. Clear Street Group Inc. increased its stake in shares of Cohen Circle Acquisition Corp. II by 254.9% during the fourth quarter. Clear Street Group Inc. now owns 561,740 shares of the company’s stock valued at $5,859,000 after purchasing an additional 403,466 shares in the last quarter. Stoic Point Capital Management LLC bought a new position in shares of Cohen Circle Acquisition Corp. II during the fourth quarter valued at approximately $261,000. Finally, Toronto Dominion Bank bought a new position in shares of Cohen Circle Acquisition Corp. II during the fourth quarter valued at approximately $159,000.
About Cohen Circle Acquisition Corp. II
Cohen Circle Acquisition Corp. II (NASDAQ: CCIIU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank‑check company. Like other SPACs, it was formed to raise capital in the public markets for the purpose of identifying, negotiating and completing a business combination with one or more operating companies. Until a business combination is completed, the SPAC itself typically has no operating business beyond managing the proceeds of its offering and pursuing acquisition opportunities.
The company’s primary activities center on sourcing and evaluating potential target businesses, structuring and negotiating a merger or similar transaction, and completing the regulatory and shareholder approval processes required to effect a closing.
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