Periscope Capital Inc. Trims Stake in Inflection Point Acquisition Corp. II (NASDAQ:IPXX)

Periscope Capital Inc. lessened its position in shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX) by 66.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 200,000 shares of the company’s stock after selling 400,000 shares during the quarter. Inflection Point Acquisition Corp. II comprises 1.2% of Periscope Capital Inc.’s investment portfolio, making the stock its 29th biggest holding. Periscope Capital Inc.’s holdings in Inflection Point Acquisition Corp. II were worth $2,150,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IPXX. Virtu Financial LLC purchased a new position in shares of Inflection Point Acquisition Corp. II during the first quarter worth approximately $720,000. Cowen AND Company LLC boosted its stake in Inflection Point Acquisition Corp. II by 55.2% during the 2nd quarter. Cowen AND Company LLC now owns 405,958 shares of the company’s stock worth $4,303,000 after purchasing an additional 144,367 shares during the period. Wolverine Asset Management LLC grew its position in Inflection Point Acquisition Corp. II by 20,059.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 462,850 shares of the company’s stock worth $4,906,000 after purchasing an additional 460,554 shares during the last quarter. Shaolin Capital Management LLC acquired a new position in Inflection Point Acquisition Corp. II in the second quarter valued at $6,229,000. Finally, Berkley W R Corp raised its holdings in shares of Inflection Point Acquisition Corp. II by 636.0% in the second quarter. Berkley W R Corp now owns 1,095,681 shares of the company’s stock valued at $11,614,000 after buying an additional 946,805 shares during the last quarter.

Inflection Point Acquisition Corp. II Trading Down 0.1 %

Shares of IPXX opened at $10.70 on Friday. Inflection Point Acquisition Corp. II has a fifty-two week low of $10.27 and a fifty-two week high of $11.00. The firm has a 50-day simple moving average of $10.76 and a 200-day simple moving average of $10.67.

About Inflection Point Acquisition Corp. II

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.