Short Interest in FinTech Evolution Acquisition Group (NYSE:FTEV) Drops 65.1%
FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating ) was the recipient of a large decline in short interest rates in the month of December. As of December 30, there was short interest on a total of 9,400 shares, a decrease of 65.1% from a total of 26,900 shares on December 15. Based on an average daily volume of 76,100 shares, the short interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
FinTech Evolution Acquisition Group Price Performance
→ Exposure of bomb economy (From Porter & Company)
Shares in FTEV opened at $10.14 on Wednesday. The company has a 50 day moving average price of $10.06 and a 200 day moving average price of $9.95. FinTech Evolution Acquisition Group has a fifty-two week low of $9.64 and a fifty-two week high of $10.15.
Institutional investors weigh in on FinTech Evolution Acquisition Group
Several hedge funds have recently changed their holdings of FTEV. Bank of America Corp DE lifted its position in shares of FinTech Evolution Acquisition Group by 53,571.4% in the 1st quarter. Bank of America Corp DE now owns 751,400 shares of the company’s stock worth $7,364,000 after purchasing an additional 750,000 shares during the period. Glazer Capital LLC raised its stake in FinTech Evolution Acquisition Group by 40.4% during the 3rd quarter. Glazer Capital LLC now owns 2,552,026 shares of the company’s stock worth $25,316,000 after buying an additional 734,578 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of FinTech Evolution Acquisition Group during the 3rd quarter worth approximately $2,543,000. Basso Capital Management LP raised its stake in FinTech Evolution Acquisition Group by 2,042.0% during the 1st quarter. Basso Capital Management LP now owns 91,785 shares of the company’s stock worth $899,000 after buying an additional 87,500 shares in the last quarter. Finally, Karpus Management Inc. raised its stake in FinTech Evolution Acquisition Group by 90.2% during the 2nd quarter. Karpus Management Inc. now owns 95,269 shares of the company’s stock worth $934,000 after buying an additional 45,169 shares in the last quarter. Hedge funds and other institutional investors own 65.81% of the company’s shares.
About FinTech Evolution Acquisition Group
(Get rating)
FinTech Evolution Acquisition Group does not have a significant business. The company focuses on carrying out a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It intends to focus on financial technology and technology-enabled services businesses that offer technology solutions, and broader technology software or services/products to the financial services industry.
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