50,000 Shares in FutureTech II Acquisition Corp. (NASDAQ:FTII) Acquired by K2 Principal Fund L.P.

K2 Principal Fund L.P. purchased a new stake in shares of FutureTech II Acquisition Corp. (NASDAQ:FTII) during the 2nd quarter, HoldingsChannel reports. The fund purchased 50,000 shares of the company’s stock, valued at approximately $551,000.

Several other hedge funds also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of FutureTech II Acquisition during the first quarter valued at approximately $118,000. Clear Street LLC boosted its holdings in shares of FutureTech II Acquisition by 31.4% during the fourth 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 grew its position in FutureTech II Acquisition by 700.6% during the second quarter. Cowen AND Company LLC now owns 120,489 shares of the company’s stock valued at $1,330,000 after purchasing an additional 105,440 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

FutureTech II Acquisition Stock Performance

FutureTech II Acquisition stock opened at $11.12 on Tuesday. The firm’s 50 day moving average price is $11.02 and its two-hundred day moving average price is $11.09. FutureTech II Acquisition Corp. has a twelve month low of $10.76 and a twelve month high of $12.20.

FutureTech II Acquisition Company 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.