Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Trading Up 0.1% – Here’s What Happened

Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO)’s stock price was up 0.1% during trading on Tuesday . The company traded as high as $11.65 and last traded at $11.64. Approximately 1,007 shares were traded during trading, a decline of 99% from the average daily volume of 84,733 shares. The stock had previously closed at $11.63.

Patria Latin American Opportunity Acquisition Stock Up 0.1 %

The business has a fifty day moving average of $11.63 and a two-hundred day moving average of $11.57.

Institutional Trading of Patria Latin American Opportunity Acquisition

Several large investors have recently made changes to their positions in PLAO. Crossingbridge Advisors LLC purchased a new position in Patria Latin American Opportunity Acquisition in the 3rd quarter worth approximately $2,546,000. Mizuho Securities USA LLC grew its position in Patria Latin American Opportunity Acquisition by 254.1% in the third quarter. Mizuho Securities USA LLC now owns 363,302 shares of the company’s stock worth $4,196,000 after acquiring an additional 260,697 shares during the period. Wolverine Asset Management LLC increased its stake in Patria Latin American Opportunity Acquisition by 35.6% during the third quarter. Wolverine Asset Management LLC now owns 405,308 shares of the company’s stock worth $4,706,000 after acquiring an additional 106,301 shares during the last quarter. Spartan Fund Management Inc. purchased a new stake in Patria Latin American Opportunity Acquisition in the 3rd quarter valued at about $49,000. Finally, K2 Principal Fund L.P. acquired a new position in shares of Patria Latin American Opportunity Acquisition in the 2nd quarter worth approximately $1,374,000. 72.25% of the stock is currently owned by hedge funds and other institutional investors.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity 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. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.