CIIG Capital Partners II, Inc. (OTCMKTS:CIIG – Get Free Report) was up 3.3% during trading on Tuesday . The company traded as high as $10.47 and last traded at $8.75. Approximately 2,530,600 shares were traded during mid-day trading, an increase of 630% from the average daily volume of 346,450 shares. The stock had previously closed at $8.47.
CIIG Capital Partners II Stock Performance
The firm has a 50-day moving average price of $8.75 and a 200-day moving average price of $8.75.
Hedge Funds Weigh In On CIIG Capital Partners II
Several hedge funds have recently made changes to their positions in the business. SkyView Investment Advisors LLC bought a new position in shares of CIIG Capital Partners II during the first quarter valued at $260,000. HGC Investment Management Inc. lifted its holdings in shares of CIIG Capital Partners II by 31.7% during the first quarter. HGC Investment Management Inc. now owns 256,375 shares of the company’s stock valued at $2,667,000 after purchasing an additional 61,644 shares in the last quarter. Sandia Investment Management LP bought a new position in shares of CIIG Capital Partners II during the first quarter valued at $6,148,000. Schonfeld Strategic Advisors LLC increased its position in CIIG Capital Partners II by 55.6% during the first quarter. Schonfeld Strategic Advisors LLC now owns 19,911 shares of the company’s stock valued at $207,000 after acquiring an additional 7,112 shares during the last quarter. Finally, Glazer Capital LLC lifted its holdings in CIIG Capital Partners II by 1,196.2% in the first quarter. Glazer Capital LLC now owns 272,009 shares of the company’s stock valued at $2,829,000 after acquiring an additional 251,024 shares during the period. 70.03% of the stock is owned by hedge funds and other institutional investors.
About CIIG Capital Partners II
CIIG Capital Partners II, Inc does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of technology, media, and telecommunications industries, as well as companies with business models that are enabled by technology.
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