Dune Acquisition Corp II (NASDAQ:IPODU – Get Free Report)’s share price traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $10.45 and last traded at $10.45. 100 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,550 shares. The stock had previously closed at $10.44.
Dune Acquisition Corp II Price Performance
The company has a 50-day moving average price of $10.42 and a 200 day moving average price of $10.33.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of Dune Acquisition Corp II during the 2nd quarter worth approximately $153,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Dune Acquisition Corp II during the fourth quarter worth $259,000. Clear Street Group Inc. lifted its holdings in shares of Dune Acquisition Corp II by 3,546.9% during the 4th quarter. Clear Street Group Inc. now owns 30,816 shares of the company’s stock valued at $318,000 after purchasing an additional 29,971 shares during the last quarter. Clear Street LLC purchased a new stake in shares of Dune Acquisition Corp II during the 2nd quarter valued at $3,820,000. Finally, LMR Partners LLP acquired a new stake in shares of Dune Acquisition Corp II in the 2nd quarter worth $4,080,000.
About Dune Acquisition Corp II
Dune Acquisition Corp II is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker IPODU. Established in 2021, the company launched an initial public offering to raise capital with the sole purpose of identifying, acquiring, and merging with one or more businesses. As a blank‐check vehicle, it provides private companies with an alternative route to public market access through a business combination.
The company is sponsored by Dune Capital Management LP, a multi‐strategy alternative investment firm based in New York.
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