RF Acquisition Corp II (NASDAQ:RFAIU) Short Interest Update

RF Acquisition Corp II (NASDAQ:RFAIU) was the target of a significant increase in short interest in the month of 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 daily volume of 2,025 shares, the days-to-cover ratio is presently 0.0 days.

RF Acquisition Corp II Price Performance

Shares of NASDAQ RFAIU traded up $0.01 on Thursday, reaching $11.08. 100 shares of the company’s stock traded hands, compared to its average volume of 1,643. The business’s 50 day simple moving average is $10.94 and its two-hundred day simple moving average is $10.87. RF Acquisition Corp II has a 12 month low of $10.99 and a 12 month high of $13.50.

Institutional Inflows and Outflows

A hedge fund recently raised its position in RF Acquisition Corp II stock. Clear Street Group Inc. boosted its holdings in RF Acquisition Corp II (NASDAQ:RFAIU) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

RF Acquisition Corp II Company Profile

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.