Arogo Capital Acquisition (NASDAQ:AOGO) Trading 1.6% Higher

Arogo Capital Acquisition Corp. (NASDAQ:AOGO) shares shot up 1.6% on Wednesday . The stock traded as high as $10.98 and last traded at $10.98. 4 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 4,143 shares. The stock had previously closed at $10.81.

Arogo Capital Acquisition Trading Up 1.6 %

The business has a 50 day simple moving average of $10.94 and a two-hundred day simple moving average of $10.85.

Hedge Funds Weigh In On Arogo Capital Acquisition

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new position in shares of Arogo Capital Acquisition during the 1st quarter valued at about $224,000. Robinson Capital Management LLC purchased a new stake in Arogo Capital Acquisition in the first quarter valued at approximately $226,000. Clear Street LLC increased its position in Arogo Capital Acquisition by 731.3% during the fourth quarter. Clear Street LLC now owns 21,181 shares of the company’s stock worth $228,000 after purchasing an additional 18,633 shares during the last quarter. Finally, K2 Principal Fund L.P. purchased a new position in Arogo Capital Acquisition during the first quarter worth approximately $788,000. 41.63% of the stock is currently owned by hedge funds and other institutional investors.

About Arogo Capital Acquisition

Arogo Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on businesses in transportation and technology industries within the electric vehicles technology, smart mobility, or sustainable transportation.