Stock Traders Purchase High Volume of Novus Capital Co. II Call Options (NYSE:NXU)

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Novus Capital Co. II (NYSE:NXU) saw unusually large options trading on Friday. Stock traders purchased 1,862 call options on the stock. This is an increase of 2,228% compared to the average volume of 80 call options.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new stake in Novus Capital Co. II in the third quarter valued at about $166,000. Schonfeld Strategic Advisors LLC acquired a new stake in Novus Capital Co. II in the second quarter valued at about $195,000. Bank of America Corp DE acquired a new stake in Novus Capital Co. II in the fourth quarter valued at about $252,000. GAM Holding AG acquired a new stake in Novus Capital Co. II in the fourth quarter valued at about $415,000. Finally, Basso Capital Management L.P. boosted its stake in Novus Capital Co. II by 677.3% in the second quarter. Basso Capital Management L.P. now owns 60,624 shares of the company’s stock valued at $591,000 after buying an additional 52,825 shares in the last quarter. 69.30% of the stock is currently owned by institutional investors.

NXU opened at $11.55 on Friday. Novus Capital Co. II has a 52-week low of $8.88 and a 52-week high of $12.38. The business’s fifty day moving average is $9.95 and its 200-day moving average is $9.87.

About Novus Capital Co. II

Novus Capital Corporation II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Indianapolis, Indiana.

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