Gores Metropoulos II (NASDAQ:GMII) Sees Large Volume Increase

Gores Metropoulos II, Inc. (NASDAQ:GMII) shares saw strong trading volume on Thursday . 10,477 shares traded hands during mid-day trading, a decline of 87% from the previous session’s volume of 79,947 shares.The stock last traded at $9.89 and had previously closed at $9.89.

The stock’s fifty day simple moving average is $9.89.

Several hedge funds have recently added to or reduced their stakes in GMII. Element Capital Management LLC purchased a new position in Gores Metropoulos II in the 1st quarter valued at about $12,375,000. Park West Asset Management LLC purchased a new position in Gores Metropoulos II in the 1st quarter valued at about $3,465,000. Easterly Investment Partners LLC purchased a new position in Gores Metropoulos II in the 1st quarter valued at about $99,000. Berkley W R Corp purchased a new position in Gores Metropoulos II in the 1st quarter valued at about $195,000. Finally, Silver Rock Financial LP purchased a new position in Gores Metropoulos II in the 1st quarter valued at about $7,920,000. Institutional investors and hedge funds own 30.94% of the company’s stock.

Gores Metropoulos II Company Profile (NASDAQ:GMII)

Gores Metropoulos II, Inc focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Boulder, Colorado.

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