FinTech Evolution Acquisition Group (NYSE:FTEV) Sees Significant Increase in Short Interest

FinTech Evolution Acquisition Group (NYSE:FTEVGet Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 6,500 shares, a growth of 58.5% from the March 15th total of 4,100 shares. Based on an average trading volume of 68,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Shares of FTEV stock traded down $0.01 on Friday, hitting $9.79. The company’s stock had a trading volume of 909 shares, compared to its average volume of 116,627. The stock’s 50 day moving average is $9.76 and its 200-day moving average is $9.74. FinTech Evolution Acquisition Group has a fifty-two week low of $9.60 and a fifty-two week high of $10.29.

Several hedge funds have recently added to or reduced their stakes in the stock. Omni Event Management Ltd bought a new stake in FinTech Evolution Acquisition Group during the fourth quarter worth about $2,256,000. Oaktree Capital Management LP bought a new stake in FinTech Evolution Acquisition Group during the third quarter worth about $1,453,000. Dark Forest Capital Management LP bought a new stake in FinTech Evolution Acquisition Group during the third quarter worth about $829,000. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in FinTech Evolution Acquisition Group during the fourth quarter worth about $508,000. Finally, Toroso Investments LLC lifted its position in FinTech Evolution Acquisition Group by 223.6% during the fourth quarter. Toroso Investments LLC now owns 33,678 shares of the company’s stock worth $327,000 after purchasing an additional 23,272 shares during the period. Institutional investors and hedge funds own 48.13% of the company’s stock.

About FinTech Evolution Acquisition Group (Get Rating)

FinTech Evolution Acquisition Group, a blank check company, intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.

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