Zalatoris II Acquisition (NASDAQ:XPAX) Shares Down 0.1%

Zalatoris II Acquisition Corp. (NASDAQ:XPAX)’s share price dropped 0.1% on Friday . The company traded as low as $10.56 and last traded at $10.56. Approximately 125 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 170,645 shares. The stock had previously closed at $10.57.

Zalatoris II Acquisition Price Performance

The company’s 50 day simple moving average is $10.46 and its 200-day simple moving average is $10.32.

Hedge Funds Weigh In On Zalatoris II Acquisition

Large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of Zalatoris II Acquisition during the first quarter worth $225,000. Cubist Systematic Strategies LLC bought a new stake in Zalatoris II Acquisition during the 3rd quarter valued at about $234,000. Segantii Capital Management Ltd purchased a new stake in Zalatoris II Acquisition in the 1st quarter valued at about $765,000. Deutsche Bank AG grew its stake in Zalatoris II Acquisition by 6.7% in the 4th quarter. Deutsche Bank AG now owns 82,242 shares of the company’s stock worth $822,000 after acquiring an additional 5,191 shares in the last quarter. Finally, Saba Capital Management L.P. purchased a new position in shares of Zalatoris II Acquisition during the first quarter worth approximately $1,285,000. Hedge funds and other institutional investors own 61.92% of the company’s stock.

Zalatoris II Acquisition Company Profile

XPAC Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses in Brazil. The company was incorporated in 2021 and is based in New York, New York.