CIIG Capital Partners II, Inc. (OTCMKTS:CIIG – Get Rating)'s share price shot up 0.1% during trading on Wednesday . The stock traded as high as $9.99 and last traded at $9.99. 37,922 shares were traded during mid-day trading, a decline of 40% from the average session volume of 63,318 shares. The stock had previously closed at $9.98.

CIIG Capital Partners II Price Performance

The company has a 50 day moving average of $9.96 and a 200 day moving average of $9.94.

Hedge Funds Weigh In On CIIG Capital Partners II

Institutional investors have recently added to or reduced their stakes in the business. Sculptor Capital LP acquired a new stake in CIIG Capital Partners II during the second quarter worth about $100,000. Dark Forest Capital Management LP increased its stake in CIIG Capital Partners II by 69.2% during the second quarter. Dark Forest Capital Management LP now owns 12,233 shares of the company's stock worth $121,000 after acquiring an additional 5,002 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in CIIG Capital Partners II during the first quarter worth about $343,000. Goldman Sachs Group Inc. acquired a new stake in CIIG Capital Partners II during the first quarter worth about $445,000. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of CIIG Capital Partners II in the first quarter worth about $522,000. 64.92% of the stock is currently owned by institutional investors and hedge funds.

About CIIG Capital Partners II

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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