A SPAC II Acquisition Corp. (NASDAQ:ASCB) Short Interest Down 80.0% in July

A SPAC II Acquisition Corp. (NASDAQ:ASCB) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 1,300 shares, a decline of 80.0% from the July 15th total of 6,500 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On A SPAC II Acquisition

A number of hedge funds have recently added to or reduced their stakes in the business. Berkley W R Corp increased its holdings in shares of A SPAC II Acquisition by 69.9% during the first quarter. Berkley W R Corp now owns 203,937 shares of the company’s stock valued at $2,417,000 after acquiring an additional 83,931 shares in the last quarter. Shaolin Capital Management LLC bought a new stake in shares of A SPAC II Acquisition during the first quarter valued at approximately $880,000. Virtu Financial LLC bought a new stake in shares of A SPAC II Acquisition during the fourth quarter valued at approximately $827,000. Wolverine Asset Management LLC bought a new stake in shares of A SPAC II Acquisition during the second quarter valued at approximately $561,000. Finally, Cable Car Capital LLC bought a new stake in shares of A SPAC II Acquisition during the fourth quarter valued at approximately $272,000. 95.62% of the stock is currently owned by institutional investors.

A SPAC II Acquisition Trading Down 2.0 %

ASCB stock traded down $0.23 during mid-day trading on Monday, reaching $11.17. The company’s stock had a trading volume of 1,876 shares, compared to its average volume of 15,177. The business’s 50 day moving average price is $11.28 and its 200 day moving average price is $11.20. A SPAC II Acquisition has a 12 month low of $10.60 and a 12 month high of $13.00.

About A SPAC II Acquisition

A SPAC II Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue prospective targets that are in the industries that apply technologies, such as Proptech and Fintech primarily in North America, Europe, and Asia.