Verition Fund Management LLC raised its position in shares of Parabellum Acquisition Corp. (NYSE:PRBM – Get Rating) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,004 shares of the company's stock after purchasing an additional 1,100 shares during the quarter. Verition Fund Management LLC owned about 0.88% of Parabellum Acquisition worth $1,565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Basso Capital Management L.P. boosted its stake in shares of Parabellum Acquisition by 53.6% during the 1st quarter. Basso Capital Management L.P. now owns 9,748 shares of the company's stock worth $96,000 after acquiring an additional 3,400 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Parabellum Acquisition during the 2nd quarter worth $140,000. Fir Tree Capital Management LP boosted its stake in shares of Parabellum Acquisition by 29.0% during the 1st quarter. Fir Tree Capital Management LP now owns 773,321 shares of the company's stock worth $7,598,000 after acquiring an additional 173,621 shares in the last quarter. Saba Capital Management L.P. boosted its stake in shares of Parabellum Acquisition by 26.8% during the 1st quarter. Saba Capital Management L.P. now owns 965,184 shares of the company's stock worth $9,483,000 after acquiring an additional 203,764 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Parabellum Acquisition during the 1st quarter worth $2,849,000. 60.66% of the stock is owned by institutional investors.

Parabellum Acquisition Price Performance

PRBM opened at $10.03 on Monday. The business has a fifty day simple moving average of $10.03 and a 200-day simple moving average of $9.93. Parabellum Acquisition Corp. has a fifty-two week low of $9.73 and a fifty-two week high of $10.21.

Parabellum Acquisition Profile

Parabellum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.

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