Quantumsphere Acquisition (NASDAQ:QUMSU) Trading Up 1.4% – Here’s What Happened

Quantumsphere Acquisition Corp (NASDAQ:QUMSU) shot up 1.4% during mid-day trading on Thursday . The company traded as high as $10.24 and last traded at $10.24. 100 shares changed hands during trading, a decline of 92% from the average session volume of 1,238 shares. The stock had previously closed at $10.10.

Quantumsphere Acquisition Price Performance

The business’s 50 day moving average is $10.20.

Institutional Investors Weigh In On Quantumsphere Acquisition

Several hedge funds have recently modified their holdings of QUMSU. Harraden Circle Investments LLC purchased a new position in Quantumsphere Acquisition in the 3rd quarter valued at $4,059,000. Polar Asset Management Partners Inc. purchased a new position in Quantumsphere Acquisition during the 3rd quarter worth $4,052,000. Linden Advisors LP acquired a new stake in shares of Quantumsphere Acquisition in the 3rd quarter worth $4,052,000. AQR Arbitrage LLC purchased a new stake in shares of Quantumsphere Acquisition in the third quarter valued at about $3,269,000. Finally, Meteora Capital LLC acquired a new position in shares of Quantumsphere Acquisition during the third quarter worth about $2,330,000.

Quantumsphere Acquisition Company Profile

We are a newly formed blank check company incorporated as a Cayman Islands exempted company on July 23, 2024 under the laws of the Cayman Islands with limited liability. We are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. Our efforts to identify a prospective target business will not be limited to a particular geographic region or industry.