Wolverine Asset Management LLC Has $4.38 Million Position in Feutune Light Acquisition Co. (NASDAQ:FLFV)

Wolverine Asset Management LLC lifted its stake in Feutune Light Acquisition Co. (NASDAQ:FLFV) by 54.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 405,566 shares of the company’s stock after purchasing an additional 142,336 shares during the period. Wolverine Asset Management LLC owned 0.05% of Feutune Light Acquisition worth $4,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FLFV. Periscope Capital Inc. grew its holdings in Feutune Light Acquisition by 15.2% during the 3rd quarter. Periscope Capital Inc. now owns 144,047 shares of the company’s stock worth $1,537,000 after acquiring an additional 19,047 shares during the period. Walleye Trading LLC grew its holdings in shares of Feutune Light Acquisition by 31.3% in the 3rd quarter. Walleye Trading LLC now owns 196,164 shares of the company’s stock valued at $2,093,000 after buying an additional 46,800 shares during the period. Walleye Capital LLC grew its holdings in shares of Feutune Light Acquisition by 31.3% in the 3rd quarter. Walleye Capital LLC now owns 348,736 shares of the company’s stock valued at $3,721,000 after buying an additional 83,200 shares during the period. Finally, Shaolin Capital Management LLC grew its holdings in shares of Feutune Light Acquisition by 200.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 225,000 shares of the company’s stock valued at $2,401,000 after buying an additional 450,000 shares during the period. Institutional investors and hedge funds own 64.99% of the company’s stock.

Feutune Light Acquisition Price Performance

Shares of FLFV stock traded down $0.01 on Wednesday, hitting $10.91. The stock had a trading volume of 727 shares, compared to its average volume of 479. Feutune Light Acquisition Co. has a twelve month low of $10.41 and a twelve month high of $12.01. The company has a fifty day moving average price of $10.91 and a two-hundred day moving average price of $10.84.

About Feutune Light Acquisition

Feutune Light Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in Metuchen, New Jersey.