Parallax Volatility Advisers L.P. bought a new stake in FAST Acquisition Corp. II (NYSE:FZT – Get Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 148,049 shares of the company's stock, valued at approximately $1,445,000. Parallax Volatility Advisers L.P. owned 0.53% of FAST Acquisition Corp. II as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Taconic Capital Advisors LP bought a new stake in FAST Acquisition Corp. II in the first quarter valued at about $293,000. Mint Tower Capital Management B.V. boosted its position in FAST Acquisition Corp. II by 401.7% in the second quarter. Mint Tower Capital Management B.V. now owns 150,516 shares of the company's stock valued at $1,469,000 after buying an additional 120,516 shares in the last quarter. Bank of America Corp DE acquired a new position in FAST Acquisition Corp. II in the first quarter valued at about $4,630,000. Finally, Starboard Value LP acquired a new position in FAST Acquisition Corp. II in the second quarter valued at about $7,320,000. Institutional investors own 67.40% of the company's stock.

FAST Acquisition Corp. II Stock Performance

NYSE:FZT opened at $9.91 on Friday. FAST Acquisition Corp. II has a 12 month low of $9.63 and a 12 month high of $9.96. The company's 50-day moving average price is $9.88 and its two-hundred day moving average price is $9.83.

FAST Acquisition Corp. II Company Profile

FAST Acquisition Corp. II focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. In addition, It intends to focus on the restaurant, hospitality, and related sectors in North America. The company was incorporated in 2020 and is based in Ridgefield, Connecticut.

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