FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 34,700 shares, an increase of 182.1% from the November 15th total of 12,300 shares. Based on an average daily trading volume, of 29,400 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the company's stock are sold short.

Institutional Investors Weigh In On FinTech Evolution Acquisition Group

A number of institutional investors and hedge funds have recently bought and sold shares of FTEV. Piper Sandler & CO. acquired a new stake in FinTech Evolution Acquisition Group in the first quarter worth about $56,000. Royal Bank of Canada bought a new stake in shares of FinTech Evolution Acquisition Group during the 1st quarter valued at $137,000. Bank of Montreal Can bought a new stake in shares of FinTech Evolution Acquisition Group during the 1st quarter worth $209,000. Karpus Management Inc. acquired a new position in FinTech Evolution Acquisition Group in the 1st quarter worth about $491,000. Finally, Basso Capital Management L.P. increased its stake in shares of FinTech Evolution Acquisition Group by 2,042.0% in the first quarter. Basso Capital Management L.P. now owns 91,785 shares of the company's stock valued at $899,000 after buying an additional 87,500 shares during the period. 64.98% of the stock is owned by institutional investors and hedge funds.

FinTech Evolution Acquisition Group Stock Performance

FTEV traded up $0.01 during midday trading on Tuesday, reaching $10.06. 800 shares of the company's stock were exchanged, compared to its average volume of 27,961. FinTech Evolution Acquisition Group has a 1-year low of $9.64 and a 1-year high of $10.07. The business's 50-day moving average price is $9.98 and its 200 day moving average price is $9.89.

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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