Readystate Asset Management LP Has $135,000 Position in Archimedes Tech SPAC Partners II Co. $ATII

Readystate Asset Management LP lessened its holdings in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 91.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,528 shares of the company’s stock after selling 136,206 shares during the quarter. Readystate Asset Management LP’s holdings in Archimedes Tech SPAC Partners II were worth $135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in Archimedes Tech SPAC Partners II during the fourth quarter valued at approximately $524,000. L1 Global Manager Pty Ltd acquired a new position in shares of Archimedes Tech SPAC Partners II in the 4th quarter worth approximately $2,072,000. Harraden Circle Investments LLC acquired a new position in shares of Archimedes Tech SPAC Partners II in the 2nd quarter worth approximately $2,530,000. Millennium Management LLC lifted its position in shares of Archimedes Tech SPAC Partners II by 1.3% during the 4th quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock worth $3,191,000 after buying an additional 4,020 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Archimedes Tech SPAC Partners II in the 2nd quarter valued at $3,527,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Archimedes Tech SPAC Partners II presently has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Stock Performance

Shares of ATII opened at $10.65 on Wednesday. The stock has a fifty day moving average price of $10.71 and a two-hundred day moving average price of $10.71. Archimedes Tech SPAC Partners II Co. has a 52-week low of $10.19 and a 52-week high of $11.40.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank?check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.