FACT II Acquisition Corp. Unit (NASDAQ:FACTU – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 133 shares, an increase of 177.1% from the April 15th total of 48 shares. Based on an average trading volume of 297 shares, the short-interest ratio is currently 0.4 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LP bought a new stake in FACT II Acquisition Corp. Unit in the fourth quarter valued at $107,000. OMERS ADMINISTRATION Corp boosted its holdings in FACT II Acquisition Corp. Unit by 34.6% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 15,365 shares of the company’s stock valued at $162,000 after acquiring an additional 3,946 shares in the last quarter. Finally, Clear Street Group Inc. bought a new stake in FACT II Acquisition Corp. Unit in the third quarter valued at $668,000.
FACT II Acquisition Corp. Unit Price Performance
FACTU opened at $10.99 on Friday. The business has a 50 day simple moving average of $10.82 and a two-hundred day simple moving average of $10.71. FACT II Acquisition Corp. Unit has a one year low of $10.17 and a one year high of $12.01.
FACT II Acquisition Corp. Unit Company Profile
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.
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