Reinvent Technology Partners Y Target of Unusually Large Options Trading (NASDAQ:RTPY)

Reinvent Technology Partners Y (NASDAQ:RTPY) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 1,940 put options on the stock. This represents an increase of approximately 1,359% compared to the typical daily volume of 133 put options.

Institutional investors have recently bought and sold shares of the company. P Schoenfeld Asset Management LP purchased a new stake in shares of Reinvent Technology Partners Y during the 2nd quarter valued at $8,723,000. OMERS ADMINISTRATION Corp purchased a new position in Reinvent Technology Partners Y in the 2nd quarter worth $1,976,000. Texas Yale Capital Corp. purchased a new position in Reinvent Technology Partners Y in the 2nd quarter worth $237,000. Arena Capital Advisors LLC CA purchased a new position in Reinvent Technology Partners Y in the 2nd quarter worth $6,665,000. Finally, Penserra Capital Management LLC purchased a new position in Reinvent Technology Partners Y in the 2nd quarter worth $77,000. Hedge funds and other institutional investors own 47.07% of the company’s stock.

Reinvent Technology Partners Y stock opened at $9.98 on Thursday. The firm’s fifty day moving average is $9.90. Reinvent Technology Partners Y has a fifty-two week low of $9.75 and a fifty-two week high of $10.17.

Reinvent Technology Partners Y Company Profile

Reinvent Technology Partners Y, a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.

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