Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 16,400 shares, a decline of 21.9% from the December 15th total of 21,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 115,000 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On Inflection Point Acquisition Corp. II
Hedge funds and other institutional investors have recently made changes to their positions in the business. Berkley W R Corp raised its holdings in shares of Inflection Point Acquisition Corp. II by 636.0% in the 2nd quarter. Berkley W R Corp now owns 1,095,681 shares of the company's stock worth $11,614,000 after buying an additional 946,805 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Inflection Point Acquisition Corp. II by 42.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company's stock valued at $21,441,000 after purchasing an additional 595,250 shares in the last quarter. Shaolin Capital Management LLC acquired a new stake in shares of Inflection Point Acquisition Corp. II in the 2nd quarter valued at $6,229,000. Wolverine Asset Management LLC grew its holdings in shares of Inflection Point Acquisition Corp. II by 111.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 979,917 shares of the company's stock worth $10,534,000 after purchasing an additional 517,067 shares during the last quarter. Finally, Centiva Capital LP increased its position in shares of Inflection Point Acquisition Corp. II by 153.9% during the 3rd quarter. Centiva Capital LP now owns 634,645 shares of the company's stock worth $6,816,000 after purchasing an additional 384,645 shares in the last quarter.
Inflection Point Acquisition Corp. II Trading Down 2.8 %
Inflection Point Acquisition Corp. II stock traded down $0.36 during trading hours on Friday, hitting $12.65. The stock had a trading volume of 587 shares, compared to its average volume of 7,699. The company has a 50-day moving average of $11.62 and a two-hundred day moving average of $11.02. Inflection Point Acquisition Corp. II has a fifty-two week low of $10.36 and a fifty-two week high of $15.18.
About Inflection Point Acquisition Corp. II
(
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Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.
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