FinTech Acquisition Corp. VI (NASDAQ:FTVI) is seeing a significant decline in short interest

by James · September 1, 2022

FinTech Acquisition Corp. VI (NASDAQ:FTVI – Get Rating ) was the recipient of a significant decline in short interest in August. As of August 15, there was short interest on a total of 14,600 shares, a decrease of 16.6% from a total of 17,500 shares on July 31. Currently, 0.1% of shares in the stock are short sold. Based on an average trading volume of 74,700 shares, the days-to-cover ratio is currently 0.2 days.

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Institutional Trading with FinTech Acquisition Corp. WE

Hedge funds and other institutional investors have recently made changes to their positions in the company. Beryl Capital Management LLC raised its stake in FinTech Acquisition Corp. VI by 56.0% during the fourth quarter. Beryl Capital Management LLC now owns 389,992 shares of the company’s stock worth $3,822,000 after purchasing an additional 140,000 shares during the last quarter. Context Capital Management LLC acquired a new stake in FinTech Acquisition Corp. VI during the first quarter worth about $1,964,000. Exos Asset Management LLC grew its holdings in shares of FinTech Acquisition Corp. VI by 3.4% during the first quarter. Exos Asset Management LLC now owns 47,201 shares of the company’s stock worth $464,000 after purchasing an additional 1,573 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in FinTech Acquisition Corp. VI in the fourth quarter valued at approximately $490,000. Finally, Cheyne Capital Management UK LLP bought a new stake in FinTech Acquisition Corp. VI in the first quarter to a value of approx. 196,000 USD. 58.46% of the share is currently owned by institutional investors.

FinTech Acquisition Corp. VI share up 0.1%

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NASDAQ FTVI traded up $0.01 during trading on Wednesday, hitting $9.91. 214 shares of the company’s stock traded hands, compared to its average volume of 83,949. FinTech Acquisition Corp. VI has a fifty-two week low of $9.61 and a fifty-two week high of $9.96. The stock’s 50 day moving average price is $9.87 and its two hundred day moving average price is $9.84.

About FinTech Acquisition Corp. WE

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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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