Wolverine Asset Management LLC Sells 30,491 Shares of FutureTech II Acquisition Corp. (NASDAQ:FTII)

Wolverine Asset Management LLC cut its holdings in FutureTech II Acquisition Corp. (NASDAQ:FTII) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 469,701 shares of the company’s stock after selling 30,491 shares during the period. Wolverine Asset Management LLC owned approximately 5.57% of FutureTech II Acquisition worth $5,101,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Westchester Capital Management LLC bought a new position in shares of FutureTech II Acquisition during the third quarter valued at about $4,352,000. Walleye Capital LLC increased its position in shares of FutureTech II Acquisition by 221.0% during the third quarter. Walleye Capital LLC now owns 140,715 shares of the company’s stock valued at $1,537,000 after buying an additional 96,875 shares during the period. Walleye Trading LLC increased its position in shares of FutureTech II Acquisition by 221.0% during the third quarter. Walleye Trading LLC now owns 79,151 shares of the company’s stock valued at $865,000 after buying an additional 54,491 shares during the period. Finally, Tuttle Capital Management LLC purchased a new position in shares of FutureTech II Acquisition during the fourth quarter valued at about $130,000. 65.83% of the stock is owned by institutional investors.

FutureTech II Acquisition Stock Performance

FTII remained flat at $11.14 during midday trading on Tuesday. FutureTech II Acquisition Corp. has a 12-month low of $10.47 and a 12-month high of $12.12. The stock’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $10.98.

FutureTech II Acquisition Company Profile

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.