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

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

Patria Latin American Opportunity Acquisition Stock Performance

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

Institutional Trading of Patria Latin American Opportunity Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLAO. Quarry LP acquired a new position in shares of Patria Latin American Opportunity Acquisition during the 1st quarter worth about $53,000. Meteora Capital LLC acquired a new position in shares of Patria Latin American Opportunity Acquisition during the 4th quarter worth about $114,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Patria Latin American Opportunity Acquisition during the 1st quarter worth about $158,000. Sea Otter Advisors LLC acquired a new position in shares of Patria Latin American Opportunity Acquisition during the 1st quarter worth about $264,000. Finally, Walleye Trading LLC acquired a new position in shares of Patria Latin American Opportunity Acquisition during the 2nd quarter worth about $271,000. 72.25% of the stock is currently owned by institutional investors and hedge funds.

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.