Battery Future Acquisition Corp. (NYSE:BFAC – Get Free Report)’s share price traded up 0.2% on Friday . The stock traded as high as $11.13 and last traded at $11.13. 133 shares changed hands during trading, a decline of 100% from the average session volume of 48,413 shares. The stock had previously closed at $11.11.
Battery Future Acquisition Trading Up 0.2 %
The firm’s fifty day moving average is $11.10 and its two-hundred day moving average is $11.08.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFAC. Karpus Management Inc. boosted its stake in Battery Future Acquisition by 77.5% in the first quarter. Karpus Management Inc. now owns 40,085 shares of the company’s stock valued at $441,000 after acquiring an additional 17,500 shares during the last quarter. Spartan Fund Management Inc. lifted its stake in shares of Battery Future Acquisition by 11,925.4% during the 2nd quarter. Spartan Fund Management Inc. now owns 50,747 shares of the company’s stock valued at $561,000 after buying an additional 50,325 shares in the last quarter. Berkley W R Corp purchased a new stake in shares of Battery Future Acquisition during the 1st quarter valued at approximately $1,669,000. Finally, Mizuho Securities USA LLC lifted its stake in shares of Battery Future Acquisition by 2.9% during the 1st quarter. Mizuho Securities USA LLC now owns 339,232 shares of the company’s stock valued at $3,698,000 after buying an additional 9,564 shares in the last quarter. 74.70% of the stock is currently owned by hedge funds and other institutional investors.
Battery Future Acquisition Company Profile
Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.
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