FACT II Acquisition Corp. Unit (NASDAQ:FACTU) Sees Large Drop in Short Interest

FACT II Acquisition Corp. Unit (NASDAQ:FACTU) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 100 shares, a decline of 41.2% from the June 15th total of 170 shares. Based on an average daily volume of 678 shares, the days-to-cover ratio is presently 0.1 days.

FACT II Acquisition Corp. Unit Stock Performance

FACTU stock remained flat at $10.83 on Friday. FACT II Acquisition Corp. Unit has a 52 week low of $10.25 and a 52 week high of $15.00. The firm has a 50 day simple moving average of $11.19 and a 200 day simple moving average of $10.89.

Institutional Trading of FACT II Acquisition Corp. Unit

A hedge fund recently raised its position in FACT II Acquisition Corp. Unit stock. OMERS ADMINISTRATION Corp boosted its position in FACT II Acquisition Corp. Unit (NASDAQ:FACTU) by 34.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,365 shares of the company’s stock after acquiring an additional 3,946 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in FACT II Acquisition Corp. Unit were worth $162,000 as of its most recent filing with the Securities and Exchange Commission.

About FACT II Acquisition Corp. Unit

We are a blank check company, incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.