K2 Principal Fund L.P. Invests $572,000 in Compass Digital Acquisition Corp. (NASDAQ:CDAQ)

K2 Principal Fund L.P. purchased a new position in Compass Digital Acquisition Corp. (NASDAQ:CDAQ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,567 shares of the company’s stock, valued at approximately $572,000. K2 Principal Fund L.P. owned approximately 0.50% of Compass Digital Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Tidal Investments LLC bought a new position in Compass Digital Acquisition in the 1st quarter valued at $249,000. Virtu Financial LLC grew its holdings in Compass Digital Acquisition by 127.2% during the fourth quarter. Virtu Financial LLC now owns 31,962 shares of the company’s stock valued at $338,000 after purchasing an additional 17,892 shares during the period. Robinson Capital Management LLC increased its position in Compass Digital Acquisition by 107.3% in the first quarter. Robinson Capital Management LLC now owns 35,559 shares of the company’s stock worth $383,000 after buying an additional 18,408 shares during the last quarter. Clear Street LLC lifted its position in shares of Compass Digital Acquisition by 15,411.0% during the 2nd quarter. Clear Street LLC now owns 45,292 shares of the company’s stock valued at $493,000 after buying an additional 45,000 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of Compass Digital Acquisition during the 2nd quarter worth $504,000. 77.38% of the stock is currently owned by institutional investors.

Compass Digital Acquisition Price Performance

NASDAQ CDAQ opened at $10.83 on Tuesday. The company’s 50 day moving average is $10.82 and its 200-day moving average is $10.81. Compass Digital Acquisition Corp. has a 12-month low of $10.45 and a 12-month high of $12.50.

About Compass Digital Acquisition

Compass Digital Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on companies in the technology sectors, including in the technology led digital transformation software and services sector.