RF Acquisition (NASDAQ:RFAC) Trading 0.5% Higher

Shares of RF Acquisition Corp. (NASDAQ:RFACGet Free Report) shot up 0.5% on Thursday . The stock traded as high as $11.04 and last traded at $11.04. 373 shares traded hands during trading, a decline of 97% from the average session volume of 11,758 shares. The stock had previously closed at $10.98.

RF Acquisition Stock Performance

The stock’s fifty day simple moving average is $10.90 and its two-hundred day simple moving average is $10.79.

Hedge Funds Weigh In On RF Acquisition

Several institutional investors have recently made changes to their positions in RFAC. K2 Principal Fund L.P. acquired a new stake in shares of RF Acquisition in the 4th quarter worth about $557,000. Clear Street LLC grew its position in RF Acquisition by 3,203.4% in the 4th quarter. Clear Street LLC now owns 54,837 shares of the company’s stock worth $588,000 after purchasing an additional 53,177 shares during the last quarter. Mizuho Securities USA LLC increased its stake in shares of RF Acquisition by 180.7% in the fourth quarter. Mizuho Securities USA LLC now owns 70,524 shares of the company’s stock valued at $751,000 after purchasing an additional 45,404 shares during the period. Kim LLC raised its holdings in shares of RF Acquisition by 27.8% during the fourth quarter. Kim LLC now owns 153,170 shares of the company’s stock valued at $1,644,000 after buying an additional 33,326 shares during the last quarter. Finally, Shaolin Capital Management LLC raised its holdings in shares of RF Acquisition by 200.0% during the third quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company’s stock valued at $2,130,000 after buying an additional 400,000 shares during the last quarter. 36.55% of the stock is owned by institutional investors.

About RF Acquisition

(Get Free Report)

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.

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