Decagon Asset Management LLP Takes Position in Nabors Energy Transition Corp. II (NASDAQ:NETD)

Decagon Asset Management LLP acquired a new stake in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 480,017 shares of the company’s stock, valued at approximately $5,184,000. Nabors Energy Transition Corp. II comprises about 1.9% of Decagon Asset Management LLP’s portfolio, making the stock its 19th largest position. Decagon Asset Management LLP owned 1.26% of Nabors Energy Transition Corp. II as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Nabors Energy Transition Corp. II by 51.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,982 shares of the company’s stock valued at $298,000 after acquiring an additional 9,557 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Nabors Energy Transition Corp. II during the 3rd quarter valued at about $2,130,000. Berkley W R Corp increased its holdings in shares of Nabors Energy Transition Corp. II by 1.7% during the 3rd quarter. Berkley W R Corp now owns 489,266 shares of the company’s stock valued at $5,216,000 after acquiring an additional 8,100 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Nabors Energy Transition Corp. II by 2.5% during the 4th quarter. Wolverine Asset Management LLC now owns 634,474 shares of the company’s stock valued at $6,852,000 after acquiring an additional 15,438 shares during the last quarter. Finally, Westchester Capital Management LLC increased its holdings in shares of Nabors Energy Transition Corp. II by 260.4% during the 3rd quarter. Westchester Capital Management LLC now owns 1,434,365 shares of the company’s stock valued at $15,276,000 after acquiring an additional 1,036,334 shares during the last quarter. Institutional investors and hedge funds own 75.52% of the company’s stock.

Nabors Energy Transition Corp. II Price Performance

Shares of NASDAQ NETD opened at $10.98 on Wednesday. The business’s 50-day simple moving average is $10.90 and its 200-day simple moving average is $10.77. Nabors Energy Transition Corp. II has a 52 week low of $10.38 and a 52 week high of $11.10.

Nabors Energy Transition Corp. II Company Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.