Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDB – Get Rating) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 51,200 shares, a growth of 80.9% from the January 31st total of 28,300 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 114,600 shares, the days-to-cover ratio is currently 0.4 days.
Power & Digital Infrastructure Acquisition II Trading Up 0.3 %
Shares of XPDB stock opened at $10.22 on Wednesday. Power & Digital Infrastructure Acquisition II has a 1-year low of $9.75 and a 1-year high of $10.65. The stock's fifty day simple moving average is $10.13 and its 200-day simple moving average is $9.99.
Get Power & Digital Infrastructure Acquisition II alerts:Institutional Trading of Power & Digital Infrastructure Acquisition II
A number of institutional investors and hedge funds have recently made changes to their positions in XPDB. Millennium Management LLC lifted its position in shares of Power & Digital Infrastructure Acquisition II by 0.5% during the 4th quarter. Millennium Management LLC now owns 575,544 shares of the company's stock worth $5,796,000 after purchasing an additional 3,000 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Power & Digital Infrastructure Acquisition II during the 2nd quarter worth $51,000. Elequin Securities LLC acquired a new position in Power & Digital Infrastructure Acquisition II during the 4th quarter worth $66,000. Jane Street Group LLC lifted its stake in shares of Power & Digital Infrastructure Acquisition II by 62.4% in the 4th quarter. Jane Street Group LLC now owns 19,892 shares of the company's stock valued at $200,000 after purchasing an additional 7,642 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Power & Digital Infrastructure Acquisition II in the 1st quarter valued at $115,000. Institutional investors and hedge funds own 70.62% of the company's stock.
Power & Digital Infrastructure Acquisition II Company Profile
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Power & Digital Infrastructure Acquisition II Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities in the renewable and transition energy sector in North America.
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