Trine II Acquisition Corp. (NYSE:TRAQ – Get Rating) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 800 shares, a decrease of 88.9% from the September 30th total of 7,200 shares. Based on an average trading volume of 79,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dark Forest Capital Management LP acquired a new stake in Trine II Acquisition during the second quarter worth about $179,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Trine II Acquisition in the 1st quarter worth approximately $498,000. Karpus Management Inc. acquired a new stake in shares of Trine II Acquisition during the 1st quarter worth approximately $2,488,000. Royal Bank of Canada acquired a new stake in shares of Trine II Acquisition during the 1st quarter worth approximately $2,997,000. Finally, Toronto Dominion Bank raised its stake in shares of Trine II Acquisition by 108.0% in the second quarter. Toronto Dominion Bank now owns 416,078 shares of the company's stock valued at $4,135,000 after purchasing an additional 216,078 shares in the last quarter. Institutional investors own 54.55% of the company's stock.

Trine II Acquisition Price Performance

NYSE:TRAQ traded up $0.03 during trading hours on Wednesday, hitting $10.15. 12,839 shares of the company traded hands, compared to its average volume of 110,761. Trine II Acquisition has a twelve month low of $9.72 and a twelve month high of $10.15. The firm has a 50-day moving average of $10.05 and a 200 day moving average of $9.99.

About Trine II Acquisition

Trine II Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.

Further Reading

• Get a free copy of the StockNews.com research report on Trine II Acquisition (TRAQ)
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