Arrowroot Acquisition Corp. (NASDAQ:ARRW – Get Rating) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 15,900 shares, a growth of 67.4% from the July 15th total of 9,500 shares. Based on an average daily volume of 23,800 shares, the short-interest ratio is currently 0.7 days.

Arrowroot Acquisition Trading Down 0.2 %

Shares of NASDAQ:ARRW traded down $0.02 during midday trading on Friday, hitting $9.84. The company had a trading volume of 300 shares, compared to its average volume of 33,461. Arrowroot Acquisition has a 12-month low of $9.61 and a 12-month high of $10.30. The company has a fifty day moving average of $9.81 and a two-hundred day moving average of $9.77.

Institutional Investors Weigh In On Arrowroot Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of ARRW. Sage Mountain Advisors LLC purchased a new stake in Arrowroot Acquisition in the 1st quarter worth $35,000. OLD Mission Capital LLC increased its stake in Arrowroot Acquisition by 91.7% in the 4th 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 purchased a new stake in Arrowroot Acquisition in the 4th quarter worth $302,000. GAM Holding AG purchased a new stake in Arrowroot Acquisition in the 4th quarter worth $359,000. Finally, Yakira Capital Management Inc. purchased a new stake in Arrowroot Acquisition in the 2nd quarter worth $547,000. 65.09% of the stock is currently owned by hedge funds and other institutional investors.

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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