Periscope Capital Inc. Sells 289,874 Shares of Quetta Acquisition Co. (NASDAQ:QETA)

Periscope Capital Inc. lessened its stake in shares of Quetta Acquisition Co. (NASDAQ:QETA) by 69.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,000 shares of the company’s stock after selling 289,874 shares during the quarter. Periscope Capital Inc.’s holdings in Quetta Acquisition were worth $1,300,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mizuho Securities USA LLC grew its holdings in Quetta Acquisition by 652.3% during the third quarter. Mizuho Securities USA LLC now owns 451,403 shares of the company’s stock valued at $4,672,000 after purchasing an additional 391,402 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Quetta Acquisition in the 3rd quarter worth $1,599,000. K2 Principal Fund L.P. acquired a new position in Quetta Acquisition during the 2nd quarter worth $1,154,000. Clear Street LLC boosted its holdings in Quetta Acquisition by 875.0% during the second quarter. Clear Street LLC now owns 76,368 shares of the company’s stock valued at $790,000 after acquiring an additional 68,535 shares during the period. Finally, Virtu Financial LLC boosted its holdings in Quetta Acquisition by 104.2% during the first quarter. Virtu Financial LLC now owns 44,133 shares of the company’s stock valued at $449,000 after acquiring an additional 22,519 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Quetta Acquisition Stock Performance

Quetta Acquisition stock opened at $10.50 on Friday. Quetta Acquisition Co. has a 52 week low of $10.07 and a 52 week high of $10.51. The business’s 50-day simple moving average is $10.44 and its 200-day simple moving average is $10.38.

About Quetta Acquisition

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.