IX Acquisition Corp. (NASDAQ:IXAQ – Get Rating) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 18,000 shares, a decrease of 15.9% from the August 31st total of 21,400 shares. Based on an average daily trading volume, of 23,800 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the company's shares are sold short.

IX Acquisition Stock Performance

NASDAQ:IXAQ remained flat at $9.94 on Friday. IX Acquisition has a 52 week low of $9.68 and a 52 week high of $9.95. The company has a fifty day simple moving average of $9.89 and a 200-day simple moving average of $9.84.

Institutional Investors Weigh In On IX Acquisition

Large investors have recently modified their holdings of the company. Granby Capital Management LLC acquired a new stake in IX Acquisition during the first quarter worth approximately $245,000. Berkley W R Corp acquired a new stake in shares of IX Acquisition during the 1st quarter worth approximately $343,000. Royal Bank of Canada increased its stake in shares of IX Acquisition by 10.8% in the 1st quarter. Royal Bank of Canada now owns 97,539 shares of the company's stock valued at $955,000 after acquiring an additional 9,535 shares in the last quarter. Basso Capital Management L.P. lifted its position in shares of IX Acquisition by 104.0% during the 1st quarter. Basso Capital Management L.P. now owns 152,987 shares of the company's stock valued at $1,498,000 after acquiring an additional 77,987 shares during the period. Finally, Saba Capital Management L.P. bought a new position in IX Acquisition during the first quarter worth $2,228,000. 66.38% of the stock is currently owned by institutional investors and hedge funds.

About IX Acquisition

IX Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in London, United Kingdom.

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