Battery Future Acquisition (NYSE:BFAC) Trading Down 0.1%

Battery Future Acquisition Corp. (NYSE:BFAC)’s share price traded down 0.1% during trading on Monday . The stock traded as low as $11.07 and last traded at $11.08. 7,434 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 17,024 shares. The stock had previously closed at $11.09.

Battery Future Acquisition Price Performance

The company has a fifty day simple moving average of $11.01 and a 200 day simple moving average of $10.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Deltec Asset Management LLC purchased a new position in Battery Future Acquisition in the 4th quarter worth about $542,000. Quarry LP purchased a new position in shares of Battery Future Acquisition during the fourth quarter valued at approximately $1,131,000. Finally, Robinson Capital Management LLC bought a new position in Battery Future Acquisition during the fourth quarter valued at approximately $753,000. 74.70% of the stock is owned by institutional investors.

Battery Future Acquisition Company Profile

Battery Future Acquisition Corp. does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to search on industries spearheading the shift from fossil fuels to electrification, including companies in the battery value chain.