RF Acquisition Corp II (NASDAQ:RFAIU – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 1 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average trading volume of 2,025 shares, the days-to-cover ratio is currently 0.0 days.
RF Acquisition Corp II Stock Performance
NASDAQ:RFAIU opened at $11.08 on Wednesday. RF Acquisition Corp II has a 52 week low of $10.99 and a 52 week high of $13.50. The stock’s 50-day moving average price is $10.93 and its 200-day moving average price is $10.87.
Institutional Trading of RF Acquisition Corp II
A hedge fund recently raised its position in RF Acquisition Corp II stock. Clear Street Group Inc. grew its holdings in RF Acquisition Corp II (NASDAQ:RFAIU – Free Report) by 26.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,372 shares of the company’s stock after buying an additional 1,335 shares during the quarter. Clear Street Group Inc.’s holdings in RF Acquisition Corp II were worth $69,000 as of its most recent SEC filing.
About RF Acquisition Corp II
RF Acquisition Corp II, incorporated in Delaware in 2021, is a special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker RFAIU. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check vehicle, it raises capital through an initial public offering and holds the net proceeds in a trust account until a suitable transaction is identified.
RF Acquisition Corp II does not engage in any commercial operations of its own and has not generated revenues independent of its SPAC structure.
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