Cowen AND Company LLC Buys 144,367 Shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX)

Cowen AND Company LLC boosted its stake in Inflection Point Acquisition Corp. II (NASDAQ:IPXX) by 55.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,958 shares of the company’s stock after purchasing an additional 144,367 shares during the quarter. Cowen AND Company LLC owned about 1.30% of Inflection Point Acquisition Corp. II worth $4,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Picton Mahoney Asset Management lifted its position in Inflection Point Acquisition Corp. II by 250.0% in the 1st quarter. Picton Mahoney Asset Management now owns 875,000 shares of the company’s stock worth $9,157,000 after buying an additional 625,000 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Inflection Point Acquisition Corp. II by 20,059.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 462,850 shares of the company’s stock valued at $4,906,000 after purchasing an additional 460,554 shares in the last quarter. Bulldog Investors LLP grew its holdings in shares of Inflection Point Acquisition Corp. II by 290.5% during the 4th quarter. Bulldog Investors LLP now owns 567,297 shares of the company’s stock valued at $5,860,000 after purchasing an additional 422,021 shares during the last quarter. Kim LLC raised its position in Inflection Point Acquisition Corp. II by 46.7% in the 4th quarter. Kim LLC now owns 1,100,000 shares of the company’s stock worth $11,363,000 after purchasing an additional 350,000 shares during the period. Finally, Alberta Investment Management Corp bought a new stake in Inflection Point Acquisition Corp. II in the fourth quarter worth $2,582,000.

Inflection Point Acquisition Corp. II Stock Down 0.1 %

Shares of NASDAQ:IPXX traded down $0.01 on Monday, reaching $10.70. 5,400 shares of the company traded hands, compared to its average volume of 135,179. The business’s 50-day simple moving average is $10.66 and its 200 day simple moving average is $10.56. Inflection Point Acquisition Corp. II has a 52 week low of $10.17 and a 52 week high of $11.00.

Inflection Point Acquisition Corp. II Profile

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.