Short Interest in FinTech Evolution Acquisition Group (NYSE:FTEV) Increases 2,218.2%

by James · February 12, 2023

FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating ) was the recipient of significant growth in short interest during the month of January. As of January 31, there was short interest on a total of 25,500 shares, a growth of 2,218.2% from a total of 1,100 shares on January 15. Based on an average daily volume of 105,500 shares, the short interest ratio is currently 0.2 days. Currently, 0.1% of the shares in the company are sold short.

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FinTech Evolution Acquisition Group shares up 0.1%

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FTEV stock traded up $0.01 during mid-day trading on Friday, reaching $10.19. 359,689 shares of the company’s stock traded hands, compared to its average volume of 153,067. FinTech Evolution Acquisition Group has a 52-week low of $9.68 and a 52-week high of $10.36. The stock’s 50-day moving average is $10.11 and its 200-day moving average is $9.98.

Hedge funds weigh in on FinTech Evolution Acquisition Group

A number of hedge funds have recently modified their holdings of FTEV. Bank of America Corp DE boosted its position in shares of FinTech Evolution Acquisition Group by 53,571.4% in the first 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 boosted its position in shares of FinTech Evolution Acquisition Group by 40.4% during the third quarter. Glazer Capital LLC now owns 2,552,026 shares of the company’s stock worth $25,316,000 after purchasing an additional 734,578 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of FinTech Evolution Acquisition Group during the third quarter worth $2,543,000. Basso Capital Management LP boosted its position in shares of FinTech Evolution Acquisition Group by 2,042.0% during the first quarter. Basso Capital Management LP now owns 91,785 shares of the company’s stock worth $899,000 after purchasing an additional 87,500 shares during the last quarter. Finally, Mizuho Securities USA LLC purchased a new position in shares of FinTech Evolution Acquisition Group during the fourth quarter worth $758,000. 65.81% of the share is currently owned by institutional investors.

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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