CIIG Capital Partners II, Inc. (OTCMKTS:CIIG – Get Rating) was up 0.1% during trading on Wednesday . The stock traded as high as $10.22 and last traded at $10.20. Approximately 137,971 shares changed hands during trading, an increase of 5% from the average daily volume of 131,635 shares. The stock had previously closed at $10.19.

CIIG Capital Partners II Stock Performance

The firm has a 50 day moving average of $10.08 and a 200 day moving average of $10.01.

Institutional Investors Weigh In On CIIG Capital Partners II

A number of hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its position in shares of CIIG Capital Partners II by 43.8% during the third quarter. Marshall Wace LLP now owns 1,335,572 shares of the company's stock valued at $13,301,000 after buying an additional 406,590 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of CIIG Capital Partners II during the first quarter valued at approximately $7,936,000. Cubist Systematic Strategies LLC boosted its position in shares of CIIG Capital Partners II by 4.0% during the second quarter. Cubist Systematic Strategies LLC now owns 476,362 shares of the company's stock valued at $4,711,000 after buying an additional 18,465 shares during the last quarter. Millennium Management LLC boosted its position in shares of CIIG Capital Partners II by 2.4% during the second quarter. Millennium Management LLC now owns 429,785 shares of the company's stock valued at $4,251,000 after buying an additional 10,055 shares during the last quarter. Finally, Cantor Fitzgerald L. P. boosted its position in shares of CIIG Capital Partners II by 136.0% during the third quarter. Cantor Fitzgerald L. P. now owns 347,083 shares of the company's stock valued at $3,443,000 after buying an additional 200,000 shares during the last quarter. Institutional investors and hedge funds own 70.03% of the company's stock.

CIIG Capital Partners II Company Profile

CIIG Capital Partners II, Inc does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of technology, media, and telecommunications industries, as well as companies with business models that are enabled by technology.

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