PowerUp Acquisition Corp. (NASDAQ:PWUPU – Get Rating) was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 1,200 shares, a decline of 29.4% from the July 31st total of 1,700 shares. Based on an average trading volume of 5,100 shares, the short-interest ratio is presently 0.2 days.

PowerUp Acquisition Stock Down 0.1 %

Shares of PWUPU traded down $0.01 during midday trading on Friday, hitting $10.13. 1,847 shares of the company traded hands, compared to its average volume of 48,380. PowerUp Acquisition has a one year low of $9.98 and a one year high of $11.22. The stock's 50-day moving average is $10.09.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bulldog Investors LLP purchased a new position in shares of PowerUp Acquisition during the second quarter worth about $253,000. Bank of America Corp DE purchased a new position in PowerUp Acquisition in the 1st quarter worth approximately $1,258,000. Verition Fund Management LLC purchased a new position in PowerUp Acquisition in the 1st quarter worth approximately $9,583,000. Taconic Capital Advisors LP purchased a new stake in shares of PowerUp Acquisition during the 1st quarter valued at $6,030,000. Finally, Walleye Capital LLC bought a new stake in shares of PowerUp Acquisition during the 1st quarter worth $644,000.

About PowerUp Acquisition

PowerUp Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire a business within the interactive media, digital media, sports, entertainment, and/or leisure areas.

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