RF Acquisition Corp II (NASDAQ:RFAI) Trading Up 0.1% - Here's Why

RF Acquisition Corp II (NASDAQ:RFAI - Get Free Report)'s stock price shot up 0.1% on Tuesday . The company traded as high as $10.24 and last traded at $10.24. 1,000 shares traded hands during trading, a decline of 97% from the average session volume of 30,050 shares. The stock had previously closed at $10.23.

RF Acquisition Corp II Trading Down 0.1 %

The company has a fifty day moving average of $10.20.

Hedge Funds Weigh In On RF Acquisition Corp II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new position in RF Acquisition Corp II in the third quarter worth $44,000. Crossingbridge Advisors LLC bought a new stake in RF Acquisition Corp II during the 3rd quarter worth approximately $509,000. Berkley W R Corp purchased a new stake in shares of RF Acquisition Corp II in the third quarter worth $756,000. Rivernorth Capital Management LLC bought a new position in RF Acquisition Corp II in the 3rd quarter worth about $849,000. Finally, Wealthspring Capital LLC purchased a new stake in shares of RF Acquisition Corp II in the 3rd quarter valued at about $1,287,000.

RF Acquisition Corp II Company Profile

We are a blank check company incorporated on February 5, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” or “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business” or “target businesses”.