K2 Principal Fund L.P. Makes New Investment in FutureTech II Acquisition Corp. (NASDAQ:FTII)

K2 Principal Fund L.P. bought a new stake in shares of FutureTech II Acquisition Corp. (NASDAQ:FTII) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $551,000. K2 Principal Fund L.P. owned about 0.86% of FutureTech II Acquisition at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Virtu Financial LLC bought a new position in FutureTech II Acquisition in the first quarter worth about $118,000. Clear Street LLC raised its position in shares of FutureTech II Acquisition by 31.4% during the 4th quarter. Clear Street LLC now owns 105,744 shares of the company’s stock worth $1,148,000 after purchasing an additional 25,291 shares during the period. Finally, Cowen AND Company LLC lifted its holdings in shares of FutureTech II Acquisition by 700.6% in the 2nd quarter. Cowen AND Company LLC now owns 120,489 shares of the company’s stock worth $1,330,000 after purchasing an additional 105,440 shares during the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.

FutureTech II Acquisition Stock Performance

NASDAQ:FTII opened at $11.12 on Tuesday. FutureTech II Acquisition Corp. has a 12-month low of $10.76 and a 12-month high of $12.20. The business has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $11.09.

FutureTech II Acquisition Profile

FutureTech II Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire and manage a business in the technology industry.