Dune Acquisition Corp II (NASDAQ:IPODU – Get Free Report)’s share price traded up 0.4% during mid-day trading on Friday . The stock traded as high as $10.74 and last traded at $10.74. 100 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,550 shares. The stock had previously closed at $10.70.
Dune Acquisition Corp II Price Performance
The business has a fifty day moving average of $10.70 and a 200 day moving average of $10.52.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in IPODU. JPMorgan Chase & Co. bought a new stake in shares of Dune Acquisition Corp II during the second quarter worth approximately $153,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Dune Acquisition Corp II in the 4th quarter valued at approximately $259,000. Clear Street Group Inc. boosted its holdings in shares of Dune Acquisition Corp II by 3,546.9% in the fourth quarter. Clear Street Group Inc. now owns 30,816 shares of the company’s stock valued at $318,000 after buying an additional 29,971 shares during the period. LMR Partners LLP bought a new position in Dune Acquisition Corp II during the 2nd quarter worth about $4,080,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Dune Acquisition Corp II in the 2nd quarter valued at approximately $10,200,000.
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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