Armada Acquisition Corp. II (NASDAQ:AACI – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 728 shares, a growth of 104.5% from the April 15th total of 356 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 27,626 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of Armada Acquisition Corp. II
Hedge funds have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC purchased a new position in Armada Acquisition Corp. II in the third quarter valued at $235,000. Clear Street Group Inc. acquired a new stake in Armada Acquisition Corp. II in the 3rd quarter valued at about $295,000. Cantor Fitzgerald L. P. acquired a new stake in Armada Acquisition Corp. II in the 3rd quarter valued at about $296,000. Berkley W R Corp boosted its stake in shares of Armada Acquisition Corp. II by 17.1% in the 3rd quarter. Berkley W R Corp now owns 340,390 shares of the company’s stock valued at $3,552,000 after buying an additional 49,770 shares during the period. Finally, Steadfast Capital Management LP purchased a new position in shares of Armada Acquisition Corp. II in the 3rd quarter valued at about $835,000. 27.95% of the stock is currently owned by institutional investors and hedge funds.
Armada Acquisition Corp. II Stock Up 0.1%
Shares of AACI opened at $9.94 on Friday. Armada Acquisition Corp. II has a fifty-two week low of $9.74 and a fifty-two week high of $9.98. The firm’s 50 day moving average price is $10.03 and its 200 day moving average price is $10.20.
Armada Acquisition Corp. II Company Profile
Armada Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses in the financial technology industry. The company was incorporated in 2020 and is based in Philadelphia, Pennsylvania.
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