RF Acquisition (NASDAQ:RFAC) Shares Up 0.1%

RF Acquisition Corp. (NASDAQ:RFAC) rose 0.1% during mid-day trading on Thursday . The company traded as high as $10.90 and last traded at $10.90. Approximately 200 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 14,606 shares. The stock had previously closed at $10.89.

RF Acquisition Price Performance

The business has a 50-day simple moving average of $10.84 and a 200-day simple moving average of $10.75.

Institutional Trading of RF Acquisition

A number of large investors have recently modified their holdings of RFAC. Millennium Management LLC purchased a new stake in shares of RF Acquisition during the second quarter worth $296,000. Cubist Systematic Strategies LLC purchased a new stake in shares of RF Acquisition during the second quarter worth $5,556,000. Centiva Capital LP purchased a new stake in shares of RF Acquisition during the second quarter worth $274,000. Marshall Wace LLP increased its position in shares of RF Acquisition by 75.3% during the third quarter. Marshall Wace LLP now owns 184,665 shares of the company’s stock worth $1,824,000 after acquiring an additional 79,295 shares during the period. Finally, Glazer Capital LLC grew its stake in shares of RF Acquisition by 39.2% during the fourth quarter. Glazer Capital LLC now owns 90,812 shares of the company’s stock worth $918,000 after purchasing an additional 25,574 shares in the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.

About RF Acquisition

RF Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.