Battery Future Acquisition Corp. (NYSE:BFAC – Get Rating) shares rose 0.2% during mid-day trading on Friday . The stock traded as high as $9.95 and last traded at $9.95. Approximately 5,223 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 66,276 shares. The stock had previously closed at $9.94.
Battery Future Acquisition Stock Up 0.2 %
The company’s 50 day moving average price is $9.91.
Institutional Investors Weigh In On Battery Future Acquisition
An institutional investor recently bought a new position in Battery Future Acquisition stock. Karpus Management Inc. bought a new position in shares of Battery Future Acquisition Corp. (NYSE:BFAC – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the company’s stock, valued at approximately $248,000. Karpus Management Inc. owned about 0.06% of Battery Future Acquisition as of its most recent SEC filing. Institutional investors own 17.08% of the company’s stock.
Battery Future Acquisition Company Profile
Battery Future Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to search on industries spearheading the shift from fossil fuels to electrification, including companies in the battery value chain.
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Read More: Battery Future Acquisition (NYSE:BFAC) Stock Price Up 0.2%