Intellectus Partners LLC Purchases Shares of 46,000 Panacea Acquisition Corp. II (NYSE:PANA)

Intellectus Partners LLC purchased a new stake in Panacea Acquisition Corp. II (NYSE:PANA) in the second quarter, HoldingsChannel reports. The fund purchased 46,000 shares of the company’s stock, valued at approximately $461,000.

A number of other institutional investors also recently modified their holdings of PANA. Dupont Capital Management Corp bought a new position in shares of Panacea Acquisition Corp. II during the 2nd quarter worth about $300,000. Toronto Dominion Bank acquired a new stake in shares of Panacea Acquisition Corp. II during the 2nd quarter worth about $1,000,000. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Panacea Acquisition Corp. II during the 2nd quarter worth about $1,002,000. Highbridge Capital Management LLC acquired a new stake in shares of Panacea Acquisition Corp. II during the 2nd quarter worth about $8,866,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Panacea Acquisition Corp. II during the 2nd quarter worth about $103,000. 85.49% of the stock is owned by hedge funds and other institutional investors.

PANA traded down $0.01 during midday trading on Thursday, hitting $9.78. The company had a trading volume of 6,000 shares, compared to its average volume of 23,341. Panacea Acquisition Corp. II has a twelve month low of $9.70 and a twelve month high of $10.23. The firm’s 50-day simple moving average is $9.82 and its 200-day simple moving average is $9.94.

Panacea Acquisition Corp. II Company Profile

Panacea Acquisition Corp. II intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the biotechnology sector. The company was incorporated in 2021 and is based in San Francisco, California.

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Institutional Ownership by Quarter for Panacea Acquisition Corp. II (NYSE:PANA)

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