Battery Future Acquisition Corp. (NYSE:BFAC – Get Free Report) was up 0.2% on Friday . The stock traded as high as $11.13 and last traded at $11.13. Approximately 133 shares changed hands during trading, a decline of 100% from the average daily volume of 48,413 shares. The stock had previously closed at $11.11.
Battery Future Acquisition Stock Up 0.2 %
The stock has a 50 day moving average price of $11.10 and a 200-day moving average price of $11.08.
Hedge Funds Weigh In On Battery Future Acquisition
Several institutional investors and hedge funds have recently bought and sold shares of BFAC. Karpus Management Inc. raised its stake in shares of Battery Future Acquisition by 77.5% in the first quarter. Karpus Management Inc. now owns 40,085 shares of the company’s stock worth $441,000 after buying an additional 17,500 shares during the period. Spartan Fund Management Inc. lifted its holdings in Battery Future Acquisition by 11,925.4% during the second quarter. Spartan Fund Management Inc. now owns 50,747 shares of the company’s stock valued at $561,000 after purchasing an additional 50,325 shares in the last quarter. Berkley W R Corp purchased a new position in Battery Future Acquisition during the first quarter valued at approximately $1,669,000. Finally, Mizuho Securities USA LLC boosted its position in shares of Battery Future Acquisition by 2.9% in the first quarter. Mizuho Securities USA LLC now owns 339,232 shares of the company’s stock worth $3,698,000 after purchasing an additional 9,564 shares during the period. 74.70% of the stock is currently owned by hedge funds and other institutional investors.
Battery Future Acquisition Company Profile
Battery Future Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to target assets or companies along the battery value chain.
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