HH&L Acquisition (NYSE:HHLA) Sees Strong Trading Volume

HH&L Acquisition Co. (NYSE:HHLA) shares saw unusually-strong trading volume on Thursday . Approximately 4,155 shares were traded during mid-day trading, a decline of 95% from the previous session’s volume of 90,848 shares.The stock last traded at $9.70 and had previously closed at $9.69.

The stock’s 50-day moving average price is $9.68.

A number of hedge funds have recently bought and sold shares of HHLA. HighTower Advisors LLC acquired a new stake in HH&L Acquisition in the 2nd quarter valued at about $9,824,000. Senator Investment Group LP grew its stake in HH&L Acquisition by 50.0% during the 2nd quarter. Senator Investment Group LP now owns 750,000 shares of the company’s stock worth $7,275,000 after buying an additional 250,000 shares during the last quarter. III Capital Management purchased a new position in HH&L Acquisition during the 2nd quarter worth approximately $970,000. Basso Capital Management L.P. purchased a new position in shares of HH&L Acquisition in the 2nd quarter valued at approximately $309,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of HH&L Acquisition in the 2nd quarter valued at approximately $251,000. 38.14% of the stock is currently owned by institutional investors.

About HH&L Acquisition (NYSE:HHLA)

HH&L Acquisition Co is a blank check company. HH&L Acquisition Co was incorporated in 2020 and is based in Central, Hong Kong.

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