FutureTech II Acquisition (NASDAQ:FTII) Stock Price Up 0.4% – Time to Buy?

FutureTech II Acquisition Corp. (NASDAQ:FTII) shares shot up 0.4% on Wednesday . The company traded as high as $11.44 and last traded at $11.40. 3,515 shares changed hands during trading, a decline of 39% from the average session volume of 5,777 shares. The stock had previously closed at $11.35.

FutureTech II Acquisition Stock Up 0.4 %

The company’s fifty day moving average is $11.45 and its two-hundred day moving average is $11.22.

Institutional Investors Weigh In On FutureTech II Acquisition

Institutional investors have recently made changes to their positions in the stock. Berkley W R Corp boosted its holdings in FutureTech II Acquisition by 100.5% during the third quarter. Berkley W R Corp now owns 99,739 shares of the company’s stock worth $1,098,000 after buying an additional 50,000 shares during the last quarter. Virtu Financial LLC raised its position in shares of FutureTech II Acquisition by 41.9% in the 3rd quarter. Virtu Financial LLC now owns 35,356 shares of the company’s stock valued at $396,000 after acquiring an additional 10,438 shares during the period. Finally, K2 Principal Fund L.P. boosted its stake in FutureTech II Acquisition by 110.6% during the 4th quarter. K2 Principal Fund L.P. now owns 105,296 shares of the company’s stock worth $1,289,000 after acquiring an additional 55,296 shares during the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.

About FutureTech II Acquisition

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.