Shares of Fusion Acquisition Corp. II (NYSE:FSNB – Get Rating) saw unusually-strong trading volume on Wednesday . Approximately 1,867,992 shares changed hands during mid-day trading, an increase of 182% from the previous session's volume of 662,980 shares.The stock last traded at $10.14 and had previously closed at $10.14.
Fusion Acquisition Corp. II Stock Performance
The stock has a 50-day moving average of $10.06 and a 200 day moving average of $9.94.
Get Fusion Acquisition Corp. II alerts:Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC bought a new position in shares of Fusion Acquisition Corp. II in the first quarter worth about $50,000. PenderFund Capital Management Ltd. increased its stake in shares of Fusion Acquisition Corp. II by 24.4% in the 4th quarter. PenderFund Capital Management Ltd. now owns 8,820 shares of the company's stock valued at $120,000 after buying an additional 1,730 shares during the period. Two Sigma Investments LP bought a new stake in shares of Fusion Acquisition Corp. II during the third quarter worth $197,000. Virtu Financial LLC lifted its stake in shares of Fusion Acquisition Corp. II by 178.7% during the third quarter. Virtu Financial LLC now owns 34,391 shares of the company's stock valued at $338,000 after acquiring an additional 22,052 shares during the period. Finally, Elequin Capital LP lifted its stake in shares of Fusion Acquisition Corp. II by 5.6% during the third quarter. Elequin Capital LP now owns 34,634 shares of the company's stock valued at $341,000 after acquiring an additional 1,834 shares during the period. Institutional investors and hedge funds own 72.53% of the company's stock.
Fusion Acquisition Corp. II Company Profile
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Fusion Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to acquire businesses in the wealth, financial advice, investment, and asset management sectors, as well as FinTech sector.
Further Reading
- Get a free copy of the StockNews.com research report on Fusion Acquisition Corp. II (FSNB)
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