FinTech Acquisition Corp. VI (NASDAQ:FTVI) Brief Interest Update

by James · December 12, 2022

FinTech Acquisition Corp. VI (NASDAQ:FTVI – Get Rating ) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totaling 213,100 shares, an increase of 1,083.9% from the November 15th total of 18,000 shares. Based on an average daily volume of 115,400 shares, the short interest ratio is currently 1.8 days. Currently, 0.9% of the company’s shares are sold short.

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FinTech Acquisition Corp. VI goes down 0.1%

Shares of FTVI stock traded down $0.01 during midday trading on Monday, hitting $10.06. 230 shares of the company traded hands, compared to its average volume of 99,823. FinTech Acquisition Corp. VI has a 52 week low of $9.71 and a 52 week high of $10.08. The company has a 50-day moving average of $10.01 and a 200-day moving average of $9.92.

Institutional investors weigh in on FinTech Acquisition Corp. WE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC increased its position in FinTech Acquisition Corp. VI by 2.1% during the first quarter. Highbridge Capital Management LLC now owns 1,780,418 shares of the company’s stock valued at $17,484,000 after acquiring an additional 36,146 shares during the period. P Schoenfeld Asset Management LP acquired a new stake in FinTech Acquisition Corp. VI in the first quarter worth approximately $11,784,000. Saba Capital Management LP grew its holdings in shares of FinTech Acquisition Corp. VI by 6.2% in the first quarter. Saba Capital Management LP now owns 1,110,455 shares of the company’s stock worth $10,905,000 after buying an additional 65,059 shares during the period. Hsbc Holdings PLC bought a new stake in FinTech Acquisition Corp. VI in the first quarter worth approximately $9,815,000. Finally, Nantahala Capital Management LLC bought a new stake in shares of FinTech Acquisition Corp. VI in the first quarter worth approximately $9,820,000. 58.46% of the share is currently owned by hedge funds and other institutional investors.

FinTech Acquisition Corp. VI Company profile

(Get rating)

FinTech Acquisition Corp. WE do not have a significant business. The company focuses on carrying out a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It aims to identify businesses that supply technological services to the financial industry.

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