Cubist Systematic Strategies LLC bought a new position in Pono Capital Two, Inc. (NASDAQ:PTWOU – Get Rating) during the third quarter, Holdings Channel.com reports. The institutional investor bought 267,875 shares of the company's stock, valued at approximately $2,714,000.

A number of other institutional investors have also bought and sold shares of PTWOU. Wealthspring Capital LLC purchased a new position in Pono Capital Two in the 3rd quarter worth approximately $4,615,000. Context Capital Management LLC purchased a new stake in shares of Pono Capital Two during the 3rd quarter valued at approximately $4,305,000. Schechter Investment Advisors LLC purchased a new stake in shares of Pono Capital Two during the 3rd quarter valued at approximately $4,013,000. MMCAP International Inc. SPC purchased a new stake in shares of Pono Capital Two during the 3rd quarter valued at approximately $3,343,000. Finally, Periscope Capital Inc. purchased a new stake in shares of Pono Capital Two during the 3rd quarter valued at approximately $3,039,000.

Pono Capital Two Stock Performance

Shares of PTWOU stock remained flat at $10.54 during trading on Wednesday. 5 shares of the stock traded hands, compared to its average volume of 350. The stock's 50-day moving average price is $10.26. Pono Capital Two, Inc. has a 1 year low of $9.99 and a 1 year high of $10.63.

Pono Capital Two Profile

Pono Capital Two, Inc focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the enterprise security and operations applications, cloud-based content and digital streaming services, drone technology and service, artificial intelligence companies, consumer healthcare and wellness, biomedical technology, entertainment/gaming companies, distance learning, and e-sports companies.

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