Traders Buy High Volume of Social Capital Hedosophia Holdings Corp. VI Call Options (NYSE:IPOF)

Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOFGet Rating) saw some unusual options trading activity on Wednesday. Investors acquired 69,416 call options on the stock. This is an increase of approximately 1,665% compared to the average daily volume of 3,932 call options.

Shares of NYSE IPOF opened at $10.53 on Thursday. Social Capital Hedosophia Holdings Corp. VI has a twelve month low of $9.77 and a twelve month high of $10.99. The company has a 50 day moving average of $10.17 and a 200 day moving average of $10.19.

Several institutional investors have recently bought and sold shares of the business. Fort Baker Capital Management LP lifted its holdings in shares of Social Capital Hedosophia Holdings Corp. VI by 153.0% during the fourth quarter. Fort Baker Capital Management LP now owns 3,379,809 shares of the company’s stock valued at $34,440,000 after purchasing an additional 2,043,708 shares in the last quarter. Bank of Montreal Can lifted its stake in Social Capital Hedosophia Holdings Corp. VI by 43,003.3% during the 4th quarter. Bank of Montreal Can now owns 1,520,685 shares of the company’s stock valued at $15,556,000 after acquiring an additional 1,517,157 shares during the period. Marathon Trading Investment Management LLC boosted its holdings in shares of Social Capital Hedosophia Holdings Corp. VI by 70.0% during the 4th quarter. Marathon Trading Investment Management LLC now owns 1,107,181 shares of the company’s stock valued at $11,283,000 after acquiring an additional 455,899 shares during the last quarter. Picton Mahoney Asset Management grew its stake in shares of Social Capital Hedosophia Holdings Corp. VI by 1,000.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,100,000 shares of the company’s stock worth $11,209,000 after acquiring an additional 1,000,000 shares during the period. Finally, Glazer Capital LLC raised its holdings in shares of Social Capital Hedosophia Holdings Corp. VI by 304.2% during the third quarter. Glazer Capital LLC now owns 1,090,510 shares of the company’s stock valued at $11,069,000 after purchasing an additional 820,710 shares during the last quarter. 42.12% of the stock is owned by institutional investors and hedge funds.

Social Capital Hedosophia Holdings Corp. VI Company Profile (Get Rating)

Social Capital Hedosophia Holdings Corp. VI intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. The company was founded in 2020 and is based in Palo Alto, California.

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