Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB – Get Rating) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 56,400 shares, a decrease of 49.1% from the August 31st total of 110,800 shares. Based on an average trading volume of 96,100 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DNAB. Sculptor Capital LP raised its stake in shares of Social Capital Suvretta Holdings Corp. II by 2.4% during the second quarter. Sculptor Capital LP now owns 1,301,376 shares of the company's stock worth $12,650,000 after buying an additional 30,710 shares during the last quarter. RP Investment Advisors LP lifted its stake in shares of Social Capital Suvretta Holdings Corp. II by 23.4% in the 1st quarter. RP Investment Advisors LP now owns 790,239 shares of the company's stock valued at $7,705,000 after purchasing an additional 149,602 shares during the period. TIG Advisors LLC lifted its stake in shares of Social Capital Suvretta Holdings Corp. II by 4.2% in the 1st quarter. TIG Advisors LLC now owns 625,331 shares of the company's stock valued at $6,097,000 after purchasing an additional 25,000 shares during the period. Empyrean Capital Partners LP boosted its position in shares of Social Capital Suvretta Holdings Corp. II by 15.0% in the 1st quarter. Empyrean Capital Partners LP now owns 575,000 shares of the company's stock worth $5,606,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Saba Capital Management L.P. grew its stake in shares of Social Capital Suvretta Holdings Corp. II by 35.2% during the first quarter. Saba Capital Management L.P. now owns 476,688 shares of the company's stock worth $4,648,000 after purchasing an additional 124,104 shares during the period. 89.63% of the stock is currently owned by institutional investors and hedge funds.

Social Capital Suvretta Holdings Corp. II Price Performance

DNAB stock traded down $0.04 during midday trading on Friday, reaching $9.80. The stock had a trading volume of 11,189 shares, compared to its average volume of 83,602. Social Capital Suvretta Holdings Corp. II has a twelve month low of $9.60 and a twelve month high of $10.01. The business has a fifty day simple moving average of $9.78 and a two-hundred day simple moving average of $9.73.

About Social Capital Suvretta Holdings Corp. II

Social Capital Suvretta Holdings 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 in biotechnology industry. The company was incorporated in 2021 and is based in Henderson, Nevada.

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