Arrowroot Acquisition Corp. (NASDAQ:ARRW – Get Rating) was the recipient of a significant growth in short interest in 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 short-interest ratio is currently 0.3 days.

Institutional Trading of Arrowroot Acquisition

Large investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. boosted its stake in Arrowroot Acquisition by 21.5% in the first quarter. Cantor Fitzgerald L. P. now owns 453,799 shares of the company's stock valued at $4,425,000 after acquiring an additional 80,401 shares during the last quarter. Spartan Fund Management Inc. bought a new position in shares of Arrowroot Acquisition in the 1st quarter valued at about $1,827,000. Radcliffe Capital Management L.P. grew its stake in Arrowroot Acquisition by 5.2% in the 1st quarter. Radcliffe Capital Management L.P. now owns 526,214 shares of the company's stock valued at $5,136,000 after buying an additional 26,214 shares during the last quarter. Saba Capital Management L.P. grew its holdings in Arrowroot Acquisition by 1.1% in the 1st quarter. Saba Capital Management L.P. now owns 1,123,257 shares of the company's stock valued at $10,963,000 after buying an additional 12,321 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Arrowroot Acquisition by 246.8% in the 1st quarter. Hsbc Holdings PLC now owns 1,147,485 shares of the company's stock valued at $11,182,000 after buying an additional 816,631 shares in the last quarter. 65.09% of the stock is owned by institutional investors.

Arrowroot Acquisition Stock Performance

ARRW stock opened at $9.83 on Monday. The company has a 50-day moving average of $9.80 and a two-hundred day moving average of $9.76. Arrowroot Acquisition has a 52-week low of $9.61 and a 52-week high of $10.30.

Arrowroot Acquisition Company Profile

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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