Battery Future Acquisition (NYSE:BFAC) Shares Down 0.1%

Shares of Battery Future Acquisition Corp. (NYSE:BFAC) traded down 0.1% during trading on Monday . The company traded as low as $11.07 and last traded at $11.08. 7,434 shares traded hands during trading, a decline of 56% from the average session volume of 17,024 shares. The stock had previously closed at $11.09.

Battery Future Acquisition Trading Down 0.1 %

The stock’s 50-day simple moving average is $11.00 and its 200 day simple moving average is $10.92.

Institutional Investors Weigh In On Battery Future Acquisition

A number of institutional investors have recently modified their holdings of the business. Deltec Asset Management LLC bought a new stake in shares of Battery Future Acquisition in the fourth quarter valued at about $542,000. Robinson Capital Management LLC acquired a new position in Battery Future Acquisition in the fourth quarter valued at about $753,000. Finally, Quarry LP acquired a new position in Battery Future Acquisition in the fourth quarter valued at about $1,131,000. Institutional investors own 74.70% of the company’s stock.

Battery Future Acquisition Company Profile

Battery Future Acquisition Corp. does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to search on industries spearheading the shift from fossil fuels to electrification, including companies in the battery value chain.