Arrowroot Acquisition Corp. (NASDAQ:ARRW – Get Rating) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,900 shares, an increase of 11.4% from the August 15th total of 3,500 shares. Based on an average trading volume of 25,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARRW. Sage Mountain Advisors LLC bought a new position in Arrowroot Acquisition in the first quarter valued at about $35,000. Centiva Capital LP bought a new stake in shares of Arrowroot Acquisition during the second quarter worth about $158,000. PEAK6 Investments LLC bought a new stake in shares of Arrowroot Acquisition during the fourth quarter worth about $302,000. GAM Holding AG bought a new stake in shares of Arrowroot Acquisition during the fourth quarter worth about $359,000. Finally, Yakira Capital Management Inc. bought a new stake in shares of Arrowroot Acquisition during the second quarter worth about $547,000. Institutional investors own 61.43% of the company's stock.

Arrowroot Acquisition Trading Down 0.1 %

Arrowroot Acquisition stock opened at $9.82 on Monday. Arrowroot Acquisition has a 12-month low of $9.65 and a 12-month high of $10.30. The business's 50-day moving average price is $9.83 and its two-hundred day moving average price is $9.80.

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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