FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 17,500 shares, an increase of 6.1% from the September 15th total of 16,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 36,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Piper Sandler & CO. acquired a new stake in shares of FinTech Evolution Acquisition Group in the 1st quarter valued at about $56,000. Royal Bank of Canada acquired a new stake in shares of FinTech Evolution Acquisition Group in the 1st quarter valued at about $137,000. Bank of Montreal Can acquired a new stake in shares of FinTech Evolution Acquisition Group in the 1st quarter valued at about $209,000. Karpus Management Inc. acquired a new stake in shares of FinTech Evolution Acquisition Group in the 1st quarter valued at about $491,000. Finally, Basso Capital Management L.P. raised its stake in shares of FinTech Evolution Acquisition Group by 2,042.0% in the 1st quarter. Basso Capital Management L.P. now owns 91,785 shares of the company's stock valued at $899,000 after purchasing an additional 87,500 shares during the period. Institutional investors and hedge funds own 64.98% of the company's stock.

FinTech Evolution Acquisition Group Stock Down 0.1 %

NYSE FTEV traded down $0.01 during trading hours on Wednesday, reaching $9.93. 400 shares of the company's stock were exchanged, compared to its average volume of 27,518. FinTech Evolution Acquisition Group has a one year low of $9.64 and a one year high of $10.29. The firm has a fifty day moving average of $9.89 and a 200-day moving average of $9.84.

FinTech Evolution Acquisition Group Company Profile

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.

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