K2 Principal Fund L.P. Buys New Shares in Quetta Acquisition Co. (NASDAQ:QETA)

K2 Principal Fund L.P. purchased a new stake in shares of Quetta Acquisition Co. (NASDAQ:QETA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 111,530 shares of the company’s stock, valued at approximately $1,154,000.

Several other large investors have also recently added to or reduced their stakes in QETA. Clear Street LLC bought a new stake in shares of Quetta Acquisition during the fourth quarter valued at approximately $90,000. Condor Capital Management acquired a new position in shares of Quetta Acquisition in the 4th quarter valued at $186,000. Virtu Financial LLC bought a new position in shares of Quetta Acquisition during the 4th quarter worth about $218,000. Cohanzick Management LLC acquired a new stake in shares of Quetta Acquisition during the 4th quarter valued at about $293,000. Finally, Whitebox Advisors LLC bought a new stake in Quetta Acquisition in the first quarter valued at about $305,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Quetta Acquisition Price Performance

Shares of QETA stock opened at $10.37 on Tuesday. Quetta Acquisition Co. has a one year low of $10.07 and a one year high of $10.43. The stock’s fifty day simple moving average is $10.36 and its 200 day simple moving average is $10.30.

Quetta Acquisition Profile

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.