Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO – Get Rating)'s stock price shot up 0.1% during trading on Thursday . The company traded as high as $10.41 and last traded at $10.41. 61,900 shares traded hands during trading, a decline of 57% from the average session volume of 144,440 shares. The stock had previously closed at $10.40.

Patria Latin American Opportunity Acquisition Stock Performance

The business's 50-day moving average is $10.34 and its 200 day moving average is $10.20.

Hedge Funds Weigh In On Patria Latin American Opportunity Acquisition

A number of hedge funds have recently bought and sold shares of the business. Linden Advisors LP bought a new position in Patria Latin American Opportunity Acquisition during the second quarter worth about $10,029,000. Sculptor Capital LP bought a new position in Patria Latin American Opportunity Acquisition during the second quarter worth about $5,015,000. HGC Investment Management Inc. bought a new position in Patria Latin American Opportunity Acquisition during the third quarter worth about $4,072,000. Aristeia Capital LLC bought a new position in Patria Latin American Opportunity Acquisition during the third quarter worth about $3,136,000. Finally, Bulldog Investors LLP bought a new position in Patria Latin American Opportunity Acquisition during the third quarter worth about $2,729,000. 64.31% of the stock is owned by institutional investors.

Patria Latin American Opportunity Acquisition Company Profile

Patria Latin American Opportunity Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on companies in the healthcare, food and beverage, logistics, agribusiness, education, and financial services sectors primarily in Latin America.

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