Dune Acquisition Corp II (NASDAQ:IPODU – Get Free Report) was down 0.6% on Thursday . The stock traded as low as $10.31 and last traded at $10.68. Approximately 2,395 shares changed hands during trading, an increase of 55% from the average daily volume of 1,550 shares. The stock had previously closed at $10.74.
Dune Acquisition Corp II Price Performance
The firm’s fifty day moving average is $10.76 and its 200 day moving average is $10.59.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Dune Acquisition Corp II during the second quarter worth about $153,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Dune Acquisition Corp II during the 4th quarter worth approximately $259,000. Clear Street Group Inc. boosted its position 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 worth $318,000 after acquiring an additional 29,971 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Dune Acquisition Corp II during the 2nd quarter worth $4,080,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Dune Acquisition Corp II in the second quarter valued at about $10,200,000.
Dune Acquisition Corp II Company Profile
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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