FinTech Evolution Acquisition Group (NYSE:FTEV – Get Rating) was the target of a significant decrease in short interest in the month of December. As of December 30th, there was short interest totalling 9,400 shares, a decrease of 65.1% from the December 15th total of 26,900 shares. Based on an average daily trading volume, of 76,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On FinTech Evolution Acquisition Group
Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of FinTech Evolution Acquisition Group by 53,571.4% in the 1st quarter. Bank of America Corp DE now owns 751,400 shares of the company's stock valued at $7,364,000 after purchasing an additional 750,000 shares in the last quarter. Glazer Capital LLC increased its holdings in FinTech Evolution Acquisition Group by 40.4% in the third quarter. Glazer Capital LLC now owns 2,552,026 shares of the company's stock valued at $25,316,000 after buying an additional 734,578 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of FinTech Evolution Acquisition Group during the 3rd quarter valued at approximately $2,543,000. Basso Capital Management L.P. lifted its position in shares of FinTech Evolution Acquisition Group by 2,042.0% during the 1st quarter. Basso Capital Management L.P. now owns 91,785 shares of the company's stock valued at $899,000 after acquiring an additional 87,500 shares during the period. Finally, Karpus Management Inc. boosted its stake in shares of FinTech Evolution Acquisition Group by 90.2% during the 2nd quarter. Karpus Management Inc. now owns 95,269 shares of the company's stock worth $934,000 after acquiring an additional 45,169 shares in the last quarter. Hedge funds and other institutional investors own 65.81% of the company's stock.
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FinTech Evolution Acquisition Group Price Performance
Shares of FinTech Evolution Acquisition Group stock traded up $0.01 during trading hours on Friday, hitting $10.15. 1,400 shares of the company were exchanged, compared to its average volume of 139,015. The business has a 50-day moving average of $10.07 and a 200-day moving average of $9.95. FinTech Evolution Acquisition Group has a 1 year low of $9.64 and a 1 year high of $10.15.
FinTech Evolution Acquisition Group Company Profile
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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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