FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 8,400 shares, an increase of 394.1% from the July 15th total of 1,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 30,700 shares, the days-to-cover ratio is currently 0.3 days.

FinTech Evolution Acquisition Group Stock Performance

FTEV stock remained flat at $9.85 during midday trading on Wednesday. 36,878 shares of the company traded hands, compared to its average volume of 55,296. The company's fifty day moving average is $9.81 and its two-hundred day moving average is $9.78. FinTech Evolution Acquisition Group has a 52 week low of $9.60 and a 52 week high of $10.29.

Institutional Trading of FinTech Evolution Acquisition Group

Institutional investors have recently modified their holdings of the stock. Piper Sandler & CO. acquired a new stake in shares of FinTech Evolution Acquisition Group in the first quarter valued at about $56,000. Royal Bank of Canada purchased a new position in shares of FinTech Evolution Acquisition Group in the first quarter worth about $137,000. Bank of Montreal Can purchased a new position in shares of FinTech Evolution Acquisition Group in the first quarter worth about $209,000. Qube Research & Technologies Ltd lifted its stake in shares of FinTech Evolution Acquisition Group by 103.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 29,769 shares of the company's stock worth $289,000 after buying an additional 15,130 shares in the last quarter. Finally, GAM Holding AG purchased a new position in shares of FinTech Evolution Acquisition Group in the fourth quarter worth about $316,000. Institutional investors and hedge funds own 65.04% of the company's stock.

About FinTech Evolution Acquisition Group

FinTech Evolution Acquisition Group does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the financial technology and technology-enabled services that offers technology solutions, and broader technology software or services/products to the financial services industry.

Read More

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