G Squared Ascend II Inc. (NYSE:GSQB – Get Rating)'s stock price traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $10.22 and last traded at $10.22. 283,914 shares traded hands during trading, an increase of 723% from the average session volume of 34,501 shares. The stock had previously closed at $10.20.

G Squared Ascend II Price Performance

The business has a 50-day simple moving average of $10.13 and a 200 day simple moving average of $10.00.

Institutional Investors Weigh In On G Squared Ascend II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exos TFP Holdings LLC bought a new position in shares of G Squared Ascend II in the third quarter worth approximately $606,000. Verition Fund Management LLC purchased a new stake in G Squared Ascend II in the 3rd quarter worth $1,000,000. Mizuho Securities USA LLC bought a new stake in G Squared Ascend II during the third quarter valued at about $1,504,000. Weiss Asset Management LP lifted its position in shares of G Squared Ascend II by 53.7% in the third quarter. Weiss Asset Management LP now owns 576,253 shares of the company's stock valued at $5,716,000 after acquiring an additional 201,300 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of G Squared Ascend II in the second quarter valued at about $2,476,000. 78.01% of the stock is owned by hedge funds and other institutional investors.

G Squared Ascend II Company Profile

G Squared Ascend II Inc does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus its search on companies operating in the software-as-a service, online marketplaces, mobility 2.0/logistics, FinTech/InsurTech, new age media, and sustainability.

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