Short Interest in 10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA) Drops By 47.7%

10X Capital Venture Acquisition Corp. II (NASDAQ:VCXAGet Rating) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 3,400 shares, a decrease of 47.7% from the May 15th total of 6,500 shares. Based on an average daily volume of 66,900 shares, the days-to-cover ratio is presently 0.1 days.

Shares of 10X Capital Venture Acquisition Corp. II stock opened at $9.89 on Friday. The company’s fifty day moving average price is $9.87 and its two-hundred day moving average price is $9.87. 10X Capital Venture Acquisition Corp. II has a 52-week low of $9.57 and a 52-week high of $10.88.

A number of hedge funds and other institutional investors have recently modified their holdings of VCXA. P Schoenfeld Asset Management LP acquired a new position in 10X Capital Venture Acquisition Corp. II during the 1st quarter valued at about $19,463,000. Castle Creek Arbitrage LLC acquired a new position in 10X Capital Venture Acquisition Corp. II during the 4th quarter valued at about $19,085,000. Owl Creek Asset Management L.P. acquired a new position in 10X Capital Venture Acquisition Corp. II during the 4th quarter valued at about $9,594,000. Marshall Wace LLP acquired a new position in 10X Capital Venture Acquisition Corp. II during the 4th quarter valued at about $8,119,000. Finally, Diameter Capital Partners LP acquired a new position in 10X Capital Venture Acquisition Corp. II during the 4th quarter valued at about $7,590,000. Institutional investors and hedge funds own 49.98% of the company’s stock.

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

10X Capital Venture 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 or entities. The company 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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