Short-term stake in Apollo Strategic Growth Capital II (NYSE:APGB) increases 24.1%



Apollo Strategic Growth Capital II (NYSE:APGB – Get Rating) benefited from a significant increase in short-term interest during the month of May. As of May 31, there was short interest totaling 142,700 shares, an increase of 24.1% from the May 15 total of 115,000 shares. Based on an average daily trading volume of 218,300 shares, the short-term interest rate ratio is currently 0.7 days.

Apollo Strategic Growth Capital II stock opened at $9.79 on Friday. Apollo Strategic Growth Capital II has a 12-month low of $9.64 and a 12-month high of $9.88. The stock’s 50-day simple moving average is $9.80 and its two-hundred-day simple moving average is $9.77.

A number of institutional investors have recently increased or reduced their stake in the company. Bank of America Corp DE increased its position in Apollo Strategic Growth Capital II by 52.1% in Q1. Bank of America Corp DE now owns 729,900 shares of the company worth $7,153,000 after buying an additional 249,900 shares last quarter. Taconic Capital Advisors LP acquired a new stake in Apollo Strategic Growth Capital II in Q1 for approximately $11,114,000. Royal Bank of Canada increased its position in Apollo Strategic Growth Capital II by 10.0% in the 1st quarter. Royal Bank of Canada now owns 19,459 shares of the company worth $191,000 after buying 1,774 more shares last quarter. Rivernorth Capital Management LLC increased its stake in shares of Apollo Strategic Growth Capital II by 17.9% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,150,000 shares of the company worth $11,270,000 after purchasing an additional 175,000 shares during the period. Finally, RP Investment Advisors LP acquired a new position in shares of Apollo Strategic Growth Capital II during Q1 worth approximately $9,800,000. Institutional investors and hedge funds hold 63.11% of the company’s shares.

Apollo Strategic Growth Capital II Company Profile (Get a rating)

Apollo Strategic Growth Capital II has no significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities . The company was formerly known as APH I (Sub I), Ltd.

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