Wolverine Asset Management LLC Buys 283,334 Shares of Andretti Acquisition Corp. (NYSE:WNNR)

Wolverine Asset Management LLC increased its stake in shares of Andretti Acquisition Corp. (NYSE:WNNR) by 245.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,552 shares of the company’s stock after purchasing an additional 283,334 shares during the quarter. Wolverine Asset Management LLC’s holdings in Andretti Acquisition were worth $4,332,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Levin Capital Strategies L.P. acquired a new position in Andretti Acquisition in the third quarter valued at approximately $781,000. Hsbc Holdings PLC acquired a new stake in Andretti Acquisition in the third quarter worth $214,000. Terrapin Asset Management LLC acquired a new stake in Andretti Acquisition in the third quarter worth $1,075,000. Finally, Hudson Bay Capital Management LP raised its holdings in shares of Andretti Acquisition by 47.3% during the third quarter. Hudson Bay Capital Management LP now owns 440,063 shares of the company’s stock worth $4,731,000 after acquiring an additional 141,247 shares during the period. 51.22% of the stock is owned by institutional investors.

Andretti Acquisition Trading Up 32.0 %

Shares of NYSE:WNNR traded up $3.30 during midday trading on Wednesday, reaching $13.60. 1,125,400 shares of the company were exchanged, compared to its average volume of 106,661. Andretti Acquisition Corp. has a fifty-two week low of $7.60 and a fifty-two week high of $18.50. The stock has a fifty day simple moving average of $11.22 and a two-hundred day simple moving average of $10.99.

About Andretti Acquisition

Andretti Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Andretti Acquisition Corp. was incorporated in 2021 and is based in Indianapolis, Indiana.