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

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

FinTech Acquisition Corp. VI (NASDAQ:FTVI – Get Rating ) saw significant growth in short interest during the month of July. As of 15 July, there was short interest on a total of 34,600 shares, a growth of 51.8% from a total of 22,800 shares on 30 June. Based on an average daily volume of 93,800 shares, the short interest ratio is currently 0.4 days. Approximately 0.2% of the shares in the stock are sold short.

FinTech Acquisition Corp. VI Price performance

FinTech Acquisition Corp. VI stock opened at $9.88 on Friday. FinTech Acquisition Corp. VI has a fifty-two week low of $9.48 and a fifty-two week high of $10.00. The stock’s fifty day moving average is $9.85 and its two hundred day moving average is $9.82.

Institutional Trading with FinTech Acquisition Corp. WE

Major investors have recently bought and sold shares in the company. Cheyne Capital Management UK LLP bought a new stake in FinTech Acquisition Corp. VI in the first quarter valued at $196,000. DRW Securities LLC acquired a new stake in FinTech Acquisition Corp. VI during the fourth quarter valued at $273,000. Exos Asset Management LLC acquired a new stake in FinTech Acquisition Corp. VI during the fourth quarter valued at $447,000. Owl Creek Asset Management LP raised its stake in shares of FinTech Acquisition Corp. VI by 199.4% during the fourth quarter. Owl Creek Asset Management LP now owns 50,000 shares of the company’s stock valued at $490,000 after purchasing an additional 33,300 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in FinTech Acquisition Corp. VI during the fourth quarter valued at $490,000. Institutional investors and hedge funds own 52.03% of the company’s shares.

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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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