10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA) Sees Large Increase in Short Interest

10X Capital Venture Acquisition Corp. II (NASDAQ:VCXAGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 11,500 shares, an increase of 618.8% from the March 31st total of 1,600 shares. Based on an average daily volume of 54,000 shares, the short-interest ratio is currently 0.2 days.

A number of hedge funds have recently modified their holdings of VCXA. FNY Investment Advisers LLC bought a new stake in 10X Capital Venture Acquisition Corp. II during the 4th quarter valued at $178,000. Bank of America Corp DE acquired a new position in shares of 10X Capital Venture Acquisition Corp. II during the fourth quarter valued at $248,000. Exos Asset Management LLC bought a new stake in shares of 10X Capital Venture Acquisition Corp. II during the fourth quarter valued at about $343,000. Oaktree Capital Management LP acquired a new stake in 10X Capital Venture Acquisition Corp. II in the fourth quarter worth about $489,000. Finally, HBK Investments L P bought a new position in 10X Capital Venture Acquisition Corp. II in the 4th quarter valued at about $750,000. 7.14% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:VCXA remained flat at $$9.88 during trading hours on Wednesday. 691,714 shares of the company’s stock traded hands, compared to its average volume of 49,747. The firm has a fifty day moving average of $9.84. 10X Capital Venture Acquisition Corp. II has a 12 month low of $9.57 and a 12 month high of $10.88.

About 10X Capital Venture Acquisition Corp. II (Get Rating)

10X Capital Venture Acquisition Corp. II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on identifying technology and tech-enabled businesses in the consumer internet, ecommerce, software, healthcare, transportation/mobility, and financial services industries, as well as other industries that are being disrupted by advances in technology and on technology paradigms, including artificial intelligence automation, data science, ecommerce, and software-as-a-service.

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