K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFIIU) Short Interest Update
by Mitch Edgeman · The Markets DailyK&F GROWTH ACQUISITION CORP. II (NASDAQ:KFIIU – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 245 shares, a decrease of 95.5% from the November 30th total of 5,430 shares. Based on an average daily volume of 1,496 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,496 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On K&F GROWTH ACQUISITION CORP. II
Several institutional investors and hedge funds have recently made changes to their positions in KFIIU. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of K&F GROWTH ACQUISITION CORP. II during the first quarter worth approximately $20,180,000. Magnetar Financial LLC acquired a new position in K&F GROWTH ACQUISITION CORP. II in the 1st quarter valued at $12,581,000. HGC Investment Management Inc. bought a new position in K&F GROWTH ACQUISITION CORP. II during the 1st quarter worth $7,560,000. Millennium Management LLC bought a new position in K&F GROWTH ACQUISITION CORP. II during the 1st quarter worth $5,042,000. Finally, Quarry LP acquired a new stake in shares of K&F GROWTH ACQUISITION CORP. II during the first quarter worth $2,516,000.
K&F GROWTH ACQUISITION CORP. II Stock Performance
Shares of KFIIU stock traded down $0.97 during midday trading on Wednesday, hitting $10.51. 600 shares of the company were exchanged, compared to its average volume of 97,640. K&F GROWTH ACQUISITION CORP. II has a 52 week low of $10.00 and a 52 week high of $12.28. The firm’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $10.44.
About K&F GROWTH ACQUISITION CORP. II
K&F Growth Acquisition Corp. II is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the NASDAQ under the ticker KFIIU. As a blank check vehicle, 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 target businesses. The SPAC structure allows K&F Growth Acquisition Corp. II to raise capital through an initial public offering and to hold the proceeds in a trust account until a suitable merger partner is identified.
The company’s investment strategy focuses on identifying companies with strong growth potential, primarily in sectors such as technology, healthcare, business services and industrials.