ACON S2 Acquisition Corp. (NASDAQ:STWO) Shares Sold by Glazer Capital LLC

Glazer Capital LLC decreased its position in ACON S2 Acquisition Corp. (NASDAQ:STWO) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 910,012 shares of the company’s stock after selling 269,248 shares during the quarter. Glazer Capital LLC owned 2.91% of ACON S2 Acquisition worth $9,009,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in ACON S2 Acquisition in the first quarter valued at approximately $1,470,000. Millennium Management LLC acquired a new stake in ACON S2 Acquisition during the first quarter worth approximately $7,357,000. Radcliffe Capital Management L.P. acquired a new stake in ACON S2 Acquisition during the first quarter worth approximately $4,905,000. Picton Mahoney Asset Management acquired a new stake in ACON S2 Acquisition during the second quarter worth approximately $990,000. Finally, Centiva Capital LP acquired a new stake in ACON S2 Acquisition during the first quarter worth approximately $540,000. 67.62% of the stock is currently owned by hedge funds and other institutional investors.

STWO stock traded up $0.57 during midday trading on Thursday, reaching $8.21. 230,553 shares of the company were exchanged, compared to its average volume of 158,518. ACON S2 Acquisition Corp. has a 1-year low of $7.22 and a 1-year high of $11.44. The stock’s 50-day simple moving average is $9.67 and its 200 day simple moving average is $9.81.

ACON S2 Acquisition Profile

ACON S2 Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Washington, District of Columbia.

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Institutional Ownership by Quarter for ACON S2 Acquisition (NASDAQ:STWO)

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