K2 Principal Fund L.P. Trims Position in Pearl Holdings Acquisition Corp (NASDAQ:PRLH)

K2 Principal Fund L.P. trimmed its stake in Pearl Holdings Acquisition Corp (NASDAQ:PRLH) by 63.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,211 shares of the company’s stock after selling 51,409 shares during the period. K2 Principal Fund L.P. owned 0.42% of Pearl Holdings Acquisition worth $333,000 at the end of the most recent reporting period.

Separately, Wolverine Asset Management LLC lifted its holdings in shares of Pearl Holdings Acquisition by 13,618.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 89,167 shares of the company’s stock valued at $983,000 after acquiring an additional 88,517 shares during the last quarter. Institutional investors and hedge funds own 8.31% of the company’s stock.

Pearl Holdings Acquisition Stock Performance

Shares of NASDAQ:PRLH opened at $11.16 on Tuesday. The business has a 50 day simple moving average of $11.08 and a two-hundred day simple moving average of $10.98. Pearl Holdings Acquisition Corp has a 1 year low of $10.65 and a 1 year high of $11.48.

Pearl Holdings Acquisition Company Profile

Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the lifestyle, health and wellness, and technology sectors.