Parallax Volatility Advisers L.P. Acquires 240,102 Shares of GSR II Meteora Acquisition Corp. (NASDAQ:GSRM)

Parallax Volatility Advisers L.P. boosted its holdings in shares of GSR II Meteora Acquisition Corp. (NASDAQ:GSRM – Get Rating) by 177.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 375,680 shares of the company’s stock after purchasing an additional 240,102 shares during the period. Parallax Volatility Advisers L.P.’s holdings in GSR II Meteora Acquisition were worth $3,734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Karpus Management Inc. bought a new position in GSR II Meteora Acquisition during the third quarter worth about $149,000. Ergoteles LLC acquired a new stake in shares of GSR II Meteora Acquisition in the third quarter valued at about $156,000. Berkley W R Corp acquired a new stake in shares of GSR II Meteora Acquisition in the second quarter valued at about $264,000. Wolverine Asset Management LLC increased its position in shares of GSR II Meteora Acquisition by 2.5% in the third quarter. Wolverine Asset Management LLC now owns 1,452,909 shares of the company’s stock valued at $14,441,000 after acquiring an additional 35,853 shares during the last quarter. Finally, Prelude Capital Management LLC acquired a new position in GSR II Meteora Acquisition during the third quarter worth approximately $398,000. 62.52% of the stock is currently owned by institutional investors.

GSR II Meteora Acquisition Stock Performance

Shares of NASDAQ:GSRM opened at $10.26 on Friday. The business has a 50 day moving average of $10.22 and a 200-day moving average of $10.06. GSR II Meteora Acquisition Corp. has a 12-month low of $9.78 and a 12-month high of $10.65.

GSR II Meteora Acquisition Company Profile

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GSR II Meteora Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It intends to focus on businesses in the software, technology-enabled manufacturing and services, mobility, and transportation sectors, as well as companies that help to address environmental, social, and governance related issues.