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Fusion Acquisition Corp. II (NYSE:FSNB) Reaches New 52-Week High at $10.38

Defense World ·  Apr 23, 2023 13:43

Fusion Acquisition Corp. II (NYSE:FSNB – Get Rating)'s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $10.38 and last traded at $10.29, with a volume of 200 shares traded. The stock had previously closed at $10.24.

Fusion Acquisition Corp. II Stock Down 0.3 %

The stock's 50 day moving average price is $10.17 and its 200 day moving average price is $10.05.

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Hedge Funds Weigh In On Fusion Acquisition Corp. II

A number of institutional investors have recently added to or reduced their stakes in FSNB. Penserra Capital Management LLC bought a new position in shares of Fusion Acquisition Corp. II during the first quarter worth about $50,000. PenderFund Capital Management Ltd. raised its holdings in shares of Fusion Acquisition Corp. II by 24.4% during the fourth 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 last quarter. Two Sigma Investments LP acquired a new stake in Fusion Acquisition Corp. II in the 3rd quarter valued at approximately $197,000. Virtu Financial LLC grew its stake in shares of Fusion Acquisition Corp. II by 178.7% in the third quarter. Virtu Financial LLC now owns 34,391 shares of the company's stock worth $338,000 after purchasing an additional 22,052 shares in the last quarter. Finally, Elequin Capital LP raised its position in shares of Fusion Acquisition Corp. II by 5.6% during the 3rd quarter. Elequin Capital LP now owns 34,634 shares of the company's stock worth $341,000 after buying an additional 1,834 shares in the last quarter. Institutional investors and hedge funds own 72.53% of the company's stock.

Fusion Acquisition Corp. II Company Profile

(Get Rating)

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.

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