InterPrivate III Financial Partners Inc. (NYSE:IPVF – Get Rating) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 93,600 shares, an increase of 50.0% from the September 30th total of 62,400 shares. Approximately 0.4% of the company's stock are sold short. Based on an average daily trading volume, of 32,900 shares, the short-interest ratio is currently 2.8 days.
Institutional Trading of InterPrivate III Financial Partners
Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of InterPrivate III Financial Partners in the second quarter valued at about $117,000. Cubist Systematic Strategies LLC bought a new position in InterPrivate III Financial Partners during the second quarter valued at about $144,000. OLD Mission Capital LLC grew its position in InterPrivate III Financial Partners by 40.4% during the second quarter. OLD Mission Capital LLC now owns 17,813 shares of the company's stock valued at $175,000 after buying an additional 5,130 shares during the period. Graham Capital Wealth Management LLC bought a new position in InterPrivate III Financial Partners during the second quarter valued at about $196,000. Finally, Exos Asset Management LLC grew its position in InterPrivate III Financial Partners by 2.1% during the second quarter. Exos Asset Management LLC now owns 242,672 shares of the company's stock valued at $2,378,000 after buying an additional 5,070 shares during the period. Hedge funds and other institutional investors own 68.60% of the company's stock.
Get InterPrivate III Financial Partners alerts:InterPrivate III Financial Partners Price Performance
Shares of IPVF stock remained flat at $9.82 on Friday. 4,918 shares of the stock traded hands, compared to its average volume of 75,791. The company's 50-day moving average is $9.85 and its 200 day moving average is $9.84. InterPrivate III Financial Partners has a 52 week low of $9.75 and a 52 week high of $9.97.
InterPrivate III Financial Partners Company Profile
(Get Rating)InterPrivate III Financial Partners Inc does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. It focuses on the businesses in the financial services industry.
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