FAST Acquisition Corp. II (NYSE:FZT) Short Interest Up 17.2% in August

FAST Acquisition Corp. II (NYSE:FZT) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 11,600 shares, an increase of 17.2% from the August 15th total of 9,900 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is currently 1.4 days.

FAST Acquisition Corp. II Stock Up 0.2 %

FAST Acquisition Corp. II stock opened at $10.68 on Tuesday. FAST Acquisition Corp. II has a 52-week low of $9.78 and a 52-week high of $11.12. The company has a fifty day simple moving average of $10.55 and a 200-day simple moving average of $10.39.

Hedge Funds Weigh In On FAST Acquisition Corp. II

A number of hedge funds and other institutional investors have recently bought and sold shares of FZT. State Street Corp purchased a new position in shares of FAST Acquisition Corp. II in the 1st quarter valued at about $234,000. Virtu Financial LLC lifted its stake in FAST Acquisition Corp. II by 13.9% in the fourth quarter. Virtu Financial LLC now owns 68,637 shares of the company’s stock valued at $687,000 after buying an additional 8,356 shares during the last quarter. Tuttle Capital Management LLC lifted its stake in FAST Acquisition Corp. II by 2.9% in the first quarter. Tuttle Capital Management LLC now owns 77,143 shares of the company’s stock valued at $788,000 after buying an additional 2,143 shares during the last quarter. Cowen AND Company LLC purchased a new stake in shares of FAST Acquisition Corp. II in the second quarter valued at about $1,040,000. Finally, Caas Capital Management LP raised its stake in shares of FAST Acquisition Corp. II by 8.3% during the second quarter. Caas Capital Management LP now owns 123,450 shares of the company’s stock worth $1,285,000 after purchasing an additional 9,500 shares during the last quarter. 52.78% of the stock is currently owned by hedge funds and other institutional investors.

FAST Acquisition Corp. II Company Profile

FAST Acquisition Corp. II does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the restaurant, hospitality, and related sectors in North America.