FutureTech II Acquisition Corp. (NASDAQ:FTII) Short Interest Down 9.1% in March

FutureTech II Acquisition Corp. (NASDAQ:FTII) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 3,000 shares, a decline of 9.1% from the March 15th total of 3,300 shares. Based on an average daily volume of 23,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

FutureTech II Acquisition Stock Performance

Shares of NASDAQ FTII remained flat at $11.14 during midday trading on Wednesday. FutureTech II Acquisition has a one year low of $10.47 and a one year high of $12.12. The company’s 50-day moving average is $11.11 and its 200-day moving average is $10.98.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FTII. Schonfeld Strategic Advisors LLC purchased a new position in shares of FutureTech II Acquisition during the first quarter valued at approximately $116,000. Tuttle Capital Management LLC purchased a new position in FutureTech II Acquisition in the fourth quarter worth $130,000. Cubist Systematic Strategies LLC purchased a new position in FutureTech II Acquisition in the second quarter worth $199,000. Walleye Trading LLC purchased a new position in FutureTech II Acquisition in the second quarter worth $264,000. Finally, Centiva Capital LP purchased a new position in FutureTech II Acquisition in the second quarter worth $297,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

FutureTech II Acquisition Company Profile

FutureTech II Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire and manage a business in the technology industry.