Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDB – Get Rating) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 11,600 shares, an increase of 17.2% from the October 15th total of 9,900 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 94,200 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Power & Digital Infrastructure Acquisition II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in Power & Digital Infrastructure Acquisition II during the second quarter valued at approximately $51,000. Verition Fund Management LLC bought a new position in Power & Digital Infrastructure Acquisition II during the first quarter valued at approximately $115,000. Virtu Financial LLC bought a new position in Power & Digital Infrastructure Acquisition II during the second quarter valued at approximately $319,000. CSS LLC IL boosted its stake in Power & Digital Infrastructure Acquisition II by 10.0% during the second quarter. CSS LLC IL now owns 422,545 shares of the company's stock valued at $4,149,000 after buying an additional 38,378 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Power & Digital Infrastructure Acquisition II during the second quarter valued at approximately $386,000.

Power & Digital Infrastructure Acquisition II Stock Down 0.3 %

NASDAQ XPDB opened at $9.95 on Monday. The business has a 50-day moving average price of $9.89 and a 200-day moving average price of $9.85. Power & Digital Infrastructure Acquisition II has a twelve month low of $9.70 and a twelve month high of $10.47.

About Power & Digital Infrastructure Acquisition II

Power & Digital Infrastructure Acquisition II Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities in the renewable and transition energy sector in North America.

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