Kim LLC Boosts Stake in FutureTech II Acquisition Corp. (NASDAQ:FTII)

Kim LLC raised its position in FutureTech II Acquisition Corp. (NASDAQ:FTII) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 183,684 shares of the company’s stock after buying an additional 2,200 shares during the period. Kim LLC owned 2.18% of FutureTech II Acquisition worth $1,995,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTII. Westchester Capital Management LLC purchased a new stake in FutureTech II Acquisition in the 3rd quarter valued at about $4,352,000. Cowen AND Company LLC purchased a new stake in shares of FutureTech II Acquisition during the 4th quarter worth approximately $4,096,000. Walleye Capital LLC increased its stake in shares of FutureTech II Acquisition by 221.0% during the 3rd quarter. Walleye Capital LLC now owns 140,715 shares of the company’s stock worth $1,537,000 after purchasing an additional 96,875 shares during the last quarter. Walleye Trading LLC increased its stake in shares of FutureTech II Acquisition by 221.0% during the 3rd quarter. Walleye Trading LLC now owns 79,151 shares of the company’s stock worth $865,000 after purchasing an additional 54,491 shares during the last quarter. Finally, Tuttle Capital Management LLC purchased a new stake in shares of FutureTech II Acquisition during the 4th quarter worth approximately $130,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

FutureTech II Acquisition Price Performance

Shares of FTII stock remained flat at $11.20 during trading hours on Tuesday. 39 shares of the stock traded hands, compared to its average volume of 1,380. The company’s 50-day moving average price is $11.19 and its two-hundred day moving average price is $11.03. FutureTech II Acquisition Corp. has a 12 month low of $10.56 and a 12 month high of $12.20.

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.