Pono Capital (NASDAQ:PONO) Trading Up 53%

Shares of Pono Capital Corp. (NASDAQ:PONOGet Free Report) traded up 53% during mid-day trading on Friday . The company traded as high as $0.34 and last traded at $0.19. 170,970,812 shares changed hands during trading, an increase of 188,391% from the average session volume of 90,705 shares. The stock had previously closed at $0.13.

Pono Capital Stock Up 53.0 %

The stock has a 50 day moving average of $0.26 and a two-hundred day moving average of $0.55.

Hedge Funds Weigh In On Pono Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in Pono Capital during the first quarter worth about $2,402,000. JPMorgan Chase & Co. acquired a new position in Pono Capital during the first quarter worth $2,064,000. RPO LLC boosted its position in Pono Capital by 45.5% during the fourth quarter. RPO LLC now owns 339,690 shares of the company’s stock worth $3,563,000 after purchasing an additional 106,206 shares in the last quarter. Millennium Management LLC grew its holdings in Pono Capital by 73.3% in the second quarter. Millennium Management LLC now owns 178,758 shares of the company’s stock valued at $1,809,000 after purchasing an additional 75,621 shares during the last quarter. Finally, Glazer Capital LLC acquired a new position in shares of Pono Capital during the 4th quarter worth $207,000. 74.11% of the stock is owned by institutional investors and hedge funds.

About Pono Capital

(Get Free Report)

Pono Capital Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of enterprise security and operations applications, cloud-based content and digital streaming services, drone technology and service, artificial intelligence, consumer healthcare and wellness, biomedical technology, entertainment/gaming, distance learning, and online retail and e-sports.

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