Patria Latin American Opportunity Acquisition (NASDAQ:PLAO) Shares Up 0.1%

Shares of Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) shot up 0.1% during trading on Wednesday . The company traded as high as $11.33 and last traded at $11.33. 61,486 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 79,587 shares. The stock had previously closed at $11.32.

Patria Latin American Opportunity Acquisition Stock Up 0.1 %

The stock has a 50 day simple moving average of $11.27 and a 200 day simple moving average of $11.14.

Institutional Investors Weigh In On Patria Latin American Opportunity Acquisition

A number of hedge funds have recently made changes to their positions in PLAO. Millennium Management LLC bought a new stake in shares of Patria Latin American Opportunity Acquisition during the second quarter valued at approximately $2,508,000. Captrust Financial Advisors purchased a new stake in shares of Patria Latin American Opportunity Acquisition during the third quarter valued at $698,000. First Trust Capital Management L.P. lifted its holdings in shares of Patria Latin American Opportunity Acquisition by 26.3% during the fourth quarter. First Trust Capital Management L.P. now owns 505,100 shares of the company’s stock valued at $5,223,000 after purchasing an additional 105,100 shares during the last quarter. Aristeia Capital LLC lifted its holdings in shares of Patria Latin American Opportunity Acquisition by 55.2% during the fourth quarter. Aristeia Capital LLC now owns 478,097 shares of the company’s stock valued at $4,944,000 after purchasing an additional 170,000 shares during the last quarter. Finally, Meteora Capital LLC purchased a new stake in shares of Patria Latin American Opportunity Acquisition during the fourth quarter valued at $114,000. Institutional investors own 72.25% of the company’s stock.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, ordinary shares purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.