PowerUp Acquisition (NASDAQ:PWUP) Shares Down 0.2%

Shares of PowerUp Acquisition Corp. (NASDAQ:PWUP) traded down 0.2% on Tuesday . The stock traded as low as $11.23 and last traded at $11.23. 121,587 shares changed hands during mid-day trading, an increase of 409% from the average session volume of 23,878 shares. The stock had previously closed at $11.25.

PowerUp Acquisition Trading Down 0.2 %

The company’s 50 day simple moving average is $11.08 and its 200-day simple moving average is $10.99.

Institutional Trading of PowerUp Acquisition

Hedge funds have recently bought and sold shares of the company. Tuttle Capital Management LLC acquired a new stake in shares of PowerUp Acquisition during the fourth quarter worth $185,000. Shaolin Capital Management LLC acquired a new stake in PowerUp Acquisition in the 3rd quarter worth about $902,000. Robinson Capital Management LLC increased its stake in shares of PowerUp Acquisition by 247.8% during the 3rd quarter. Robinson Capital Management LLC now owns 11,250 shares of the company’s stock valued at $130,000 after acquiring an additional 8,015 shares during the last quarter. Westchester Capital Management LLC purchased a new position in shares of PowerUp Acquisition during the 3rd quarter worth about $420,000. Finally, Periscope Capital Inc. lifted its holdings in shares of PowerUp Acquisition by 33.1% during the 3rd quarter. Periscope Capital Inc. now owns 201,050 shares of the company’s stock worth $2,177,000 after acquiring an additional 50,000 shares during the period. Institutional investors and hedge funds own 19.17% of the company’s stock.

About PowerUp Acquisition

PowerUp Acquisition Corp. does not have significant operations. The company 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 on video gaming, gaming adjacent, and metaverse businesses.