Longview Acquisition Corp. II (NYSE:LGV – Get Rating) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 334,600 shares, a growth of 939.1% from the November 15th total of 32,200 shares. Based on an average trading volume of 447,800 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company's shares are sold short.
Institutional Trading of Longview Acquisition Corp. II
Hedge funds and other institutional investors have recently modified their holdings of the business. Mint Tower Capital Management B.V. grew its holdings in shares of Longview Acquisition Corp. II by 37.7% during the third quarter. Mint Tower Capital Management B.V. now owns 1,113,085 shares of the company's stock valued at $10,930,000 after purchasing an additional 305,000 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new stake in Longview Acquisition Corp. II during the third quarter worth approximately $17,676,000. Saba Capital Management L.P. grew its position in Longview Acquisition Corp. II by 87.4% in the third quarter. Saba Capital Management L.P. now owns 3,205,870 shares of the company's stock worth $31,482,000 after buying an additional 1,495,000 shares during the last quarter. State Street Corp boosted its stake in shares of Longview Acquisition Corp. II by 29.3% during the 3rd quarter. State Street Corp now owns 15,900 shares of the company's stock worth $156,000 after acquiring an additional 3,600 shares in the last quarter. Finally, First Trust Capital Management L.P. boosted its position in shares of Longview Acquisition Corp. II by 61.2% in the 3rd quarter. First Trust Capital Management L.P. now owns 1,152,444 shares of the company's stock valued at $11,317,000 after purchasing an additional 437,401 shares during the period. 62.07% of the stock is owned by hedge funds and other institutional investors.
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Longview Acquisition Corp. II Price Performance
Longview Acquisition Corp. II stock opened at $10.02 on Tuesday. The firm has a fifty day moving average of $9.98 and a 200-day moving average of $9.87. Longview Acquisition Corp. II has a 52-week low of $9.68 and a 52-week high of $10.06.
About Longview Acquisition Corp. II
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Longview Acquisition Corp. II 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. The company intends to focus on businesses in the healthcare, industrials, consumer, media, technology, and technology services sector.
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