Calamos Advisors LLC bought a new position in shares of FutureTech II Acquisition Corp. (NASDAQ:FTII – Get Rating) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 500,000 shares of the company's stock, valued at approximately $5,165,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC boosted its stake in FutureTech II Acquisition by 5.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,017 shares of the company's stock worth $211,000 after purchasing an additional 1,134 shares during the last quarter. Glazer Capital LLC boosted its position in shares of FutureTech II Acquisition by 1.2% during the 3rd quarter. Glazer Capital LLC now owns 825,444 shares of the company's stock valued at $8,279,000 after acquiring an additional 9,997 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in shares of FutureTech II Acquisition during the 4th quarter valued at about $123,000. Berkley W R Corp acquired a new position in shares of FutureTech II Acquisition during the 2nd quarter valued at about $250,000. Finally, Centiva Capital LP acquired a new position in shares of FutureTech II Acquisition during the 2nd quarter valued at about $297,000. Institutional investors and hedge funds own 64.07% of the company's stock.
Get FutureTech II Acquisition alerts:FutureTech II Acquisition Stock Performance
Shares of FTII stock remained flat at $10.45 on Monday. 2,400 shares of the stock traded hands, compared to its average volume of 60,679. The company's fifty day moving average price is $10.38 and its 200-day moving average price is $10.21. FutureTech II Acquisition Corp. has a 1 year low of $9.95 and a 1 year high of $10.90.
About FutureTech II Acquisition
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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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Want to see what other hedge funds are holding FTII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FutureTech II Acquisition Corp. (NASDAQ:FTII – Get Rating).
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