Arrowroot Acquisition Corp. (NASDAQ:ARRW – Get Rating) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 3,100 shares, a drop of 90.4% from the September 30th total of 32,300 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 50,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Arrowroot Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of ARRW. Spartan Fund Management Inc. acquired a new position in Arrowroot Acquisition in the first quarter valued at approximately $1,827,000. Basso Capital Management L.P. boosted its position in shares of Arrowroot Acquisition by 6.8% during the first quarter. Basso Capital Management L.P. now owns 593,496 shares of the company's stock worth $5,793,000 after buying an additional 37,700 shares during the period. Hartree Partners LP acquired a new stake in Arrowroot Acquisition in the second quarter worth approximately $981,000. Sage Mountain Advisors LLC acquired a new stake in Arrowroot Acquisition in the first quarter worth approximately $35,000. Finally, Wolverine Asset Management LLC lifted its position in Arrowroot Acquisition by 490.1% in the first quarter. Wolverine Asset Management LLC now owns 96,745 shares of the company's stock worth $944,000 after purchasing an additional 80,350 shares during the period. 61.43% of the stock is owned by institutional investors.

Arrowroot Acquisition Price Performance

Shares of NASDAQ ARRW opened at $9.94 on Thursday. Arrowroot Acquisition has a 1 year low of $9.66 and a 1 year high of $10.30. The stock's 50-day simple moving average is $9.84 and its 200-day simple moving average is $9.82.

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.

Read More

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