PowerUp Acquisition (NASDAQ:PWUP) Trading 1.8% Higher

PowerUp Acquisition Corp. (NASDAQ:PWUP)’s stock price shot up 1.8% during trading on Wednesday . The company traded as high as $11.46 and last traded at $11.46. 390 shares were traded during mid-day trading, a decline of 98% from the average session volume of 22,944 shares. The stock had previously closed at $11.26.

PowerUp Acquisition Price Performance

The stock has a 50-day moving average price of $11.34 and a 200 day moving average price of $11.10.

Institutional Investors Weigh In On PowerUp Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Shaolin Capital Management LLC acquired a new position in shares of PowerUp Acquisition during the third quarter worth about $902,000. First Pacific Advisors LP bought a new position in shares of PowerUp Acquisition during the first quarter valued at approximately $628,000. Tuttle Capital Management LLC bought a new position in shares of PowerUp Acquisition during the fourth quarter valued at approximately $185,000. Finally, Robinson Capital Management LLC grew its holdings in shares of PowerUp Acquisition by 247.8% during the third quarter. Robinson Capital Management LLC now owns 11,250 shares of the company’s stock valued at $130,000 after purchasing an additional 8,015 shares during the last quarter. Hedge funds and other institutional investors own 19.17% of the company’s stock.

About PowerUp Acquisition

PowerUp Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on video gaming, gaming adjacent, and metaverse businesses.