PEAK6 Investments LLC cut its stake in shares of Infinite Acquisition Corp. (NYSE:NFNT – Get Rating) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,000 shares of the company's stock after selling 5,070 shares during the period. PEAK6 Investments LLC owned 0.14% of Infinite Acquisition worth $395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cantor Fitzgerald L. P. bought a new position in shares of Infinite Acquisition in the first quarter worth approximately $3,458,000. Basso Capital Management L.P. bought a new position in shares of Infinite Acquisition in the first quarter worth approximately $358,000. Finally, Spring Creek Capital LLC bought a new position in shares of Infinite Acquisition in the first quarter worth approximately $247,000. 75.83% of the stock is currently owned by institutional investors.

Infinite Acquisition Stock Performance

NFNT stock opened at $10.16 on Friday. The company's 50 day moving average is $10.06 and its 200 day moving average is $9.96. Infinite Acquisition Corp. has a 1-year low of $9.72 and a 1-year high of $10.35.

About Infinite Acquisition

Infinite Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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