Fortune Rise Acquisition Co. (NASDAQ:FRLA) Shares Bought by Clear Street LLC

Clear Street LLC increased its stake in shares of Fortune Rise Acquisition Co. (NASDAQ:FRLA) by 86.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,793 shares of the company’s stock after acquiring an additional 116,523 shares during the period. Fortune Rise Acquisition comprises about 0.0% of Clear Street LLC’s portfolio, making the stock its 6th largest position. Clear Street LLC owned about 4.01% of Fortune Rise Acquisition worth $2,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FRLA. Tuttle Capital Management LLC acquired a new position in Fortune Rise Acquisition during the 2nd quarter worth approximately $1,678,000. Quarry LP bought a new position in Fortune Rise Acquisition in the fourth quarter valued at $1,646,000. Wolverine Asset Management LLC increased its stake in Fortune Rise Acquisition by 32.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 344,113 shares of the company’s stock valued at $3,871,000 after buying an additional 83,626 shares during the last quarter. K2 Principal Fund L.P. lifted its position in Fortune Rise Acquisition by 266.8% during the 1st quarter. K2 Principal Fund L.P. now owns 99,999 shares of the company’s stock worth $1,111,000 after buying an additional 72,738 shares in the last quarter. Finally, Spartan Fund Management Inc. boosted its stake in shares of Fortune Rise Acquisition by 172.8% during the 2nd quarter. Spartan Fund Management Inc. now owns 85,399 shares of the company’s stock worth $961,000 after buying an additional 54,099 shares during the last quarter. 52.89% of the stock is owned by institutional investors.

Fortune Rise Acquisition Stock Up 0.1 %

NASDAQ:FRLA opened at $11.34 on Thursday. Fortune Rise Acquisition Co. has a 52-week low of $10.90 and a 52-week high of $11.87. The stock’s 50-day simple moving average is $11.29 and its 200 day simple moving average is $11.23.

Fortune Rise Acquisition Profile

Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.