FutureTech II Acquisition (NASDAQ:FTII) Shares Up 1.3% – What’s Next?

Shares of FutureTech II Acquisition Corp. (NASDAQ:FTII) rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $11.83 and last traded at $11.55. Approximately 861 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 6,729 shares. The stock had previously closed at $11.40.

FutureTech II Acquisition Stock Up 1.3 %

The stock’s fifty day moving average is $11.42 and its 200-day moving average is $11.20.

Hedge Funds Weigh In On FutureTech II Acquisition

An institutional investor recently raised its position in FutureTech II Acquisition stock. Virtu Financial LLC lifted its holdings in shares of FutureTech II Acquisition Corp. (NASDAQ:FTII) by 41.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 35,356 shares of the company’s stock after acquiring an additional 10,438 shares during the period. Virtu Financial LLC owned approximately 0.61% of FutureTech II Acquisition worth $396,000 as of its most recent filing with the SEC. 65.83% of the stock is currently owned by institutional investors.

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.