Polar Asset Management Partners Inc. boosted its stake in FutureTech II Acquisition Corp. (NASDAQ:FTII – Get Rating) by 111.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 317,000 shares of the company's stock after acquiring an additional 167,000 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in FutureTech II Acquisition were worth $3,189,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTII. Cubist Systematic Strategies LLC acquired a new stake in shares of FutureTech II Acquisition in the second quarter valued at about $199,000. Berkley W R Corp purchased a new stake in FutureTech II Acquisition during the 2nd quarter worth approximately $250,000. Centiva Capital LP acquired a new position in shares of FutureTech II Acquisition during the second quarter valued at approximately $297,000. First Trust Capital Management L.P. purchased a new position in shares of FutureTech II Acquisition in the third quarter valued at approximately $361,000. Finally, Millennium Management LLC acquired a new stake in shares of FutureTech II Acquisition in the second quarter worth approximately $659,000. Hedge funds and other institutional investors own 64.07% of the company's stock.
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NASDAQ FTII opened at $10.43 on Wednesday. The business has a fifty day moving average price of $10.33 and a 200 day moving average price of $10.18. FutureTech II Acquisition Corp. has a one year low of $9.95 and a one year high of $10.50.
FutureTech II Acquisition Profile
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FutureTech II Acquisition 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. It intends to focus its search on companies in the technology industry.
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