Arrowroot Acquisition Corp. (NASDAQ:ARRW – Get Rating) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 9,500 shares, a growth of 90.0% from the June 30th total of 5,000 shares. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is currently 0.3 days.

Arrowroot Acquisition Stock Down 0.1 %

Shares of Arrowroot Acquisition stock opened at $9.83 on Friday. The business has a fifty day simple moving average of $9.80 and a two-hundred day simple moving average of $9.76. Arrowroot Acquisition has a 1 year low of $9.61 and a 1 year high of $10.30.

Institutional Investors Weigh In On Arrowroot Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Sage Mountain Advisors LLC acquired a new stake in Arrowroot Acquisition during the 1st quarter valued at $35,000. OLD Mission Capital LLC lifted its holdings in shares of Arrowroot Acquisition by 91.7% during the fourth quarter. OLD Mission Capital LLC now owns 29,541 shares of the company's stock worth $287,000 after buying an additional 14,134 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in shares of Arrowroot Acquisition during the fourth quarter worth $302,000. GAM Holding AG acquired a new stake in shares of Arrowroot Acquisition during the fourth quarter worth $359,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Arrowroot Acquisition by 490.1% during the first quarter. Wolverine Asset Management LLC now owns 96,745 shares of the company's stock worth $944,000 after buying an additional 80,350 shares in the last quarter. Institutional investors and hedge funds own 65.09% of the company's stock.

About Arrowroot Acquisition

Arrowroot Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire a business focusing on the enterprise software sector.

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