Quantumsphere Acquisition (NASDAQ:QUMSU) Trading 1.4% Higher – Time to Buy?

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

Quantumsphere Acquisition Price Performance

The stock’s 50 day moving average price is $10.20.

Hedge Funds Weigh In On Quantumsphere Acquisition

Several hedge funds have recently made changes to their positions in QUMSU. TrueMark Investments LLC purchased a new stake in shares of Quantumsphere Acquisition in the 3rd quarter valued at approximately $101,000. Warberg Asset Management LLC acquired a new stake in Quantumsphere Acquisition during the 3rd quarter valued at $420,000. JPMorgan Chase & Co. purchased a new stake in shares of Quantumsphere Acquisition in the third quarter valued at $101,000. ATW Spac Management LLC purchased a new stake in shares of Quantumsphere Acquisition in the third quarter valued at $1,013,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Quantumsphere Acquisition in the third quarter worth $686,000.

About Quantumsphere Acquisition

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.