Mission Advancement Corp. (NYSE:MACC) Short Interest Up 48.3% in April

Mission Advancement Corp. (NYSE:MACCGet Rating) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 4,300 shares, a growth of 48.3% from the March 31st total of 2,900 shares. Based on an average daily volume of 68,200 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crestline Management LP acquired a new stake in Mission Advancement during the third quarter worth approximately $99,000. Schonfeld Strategic Advisors LLC grew its stake in Mission Advancement by 120.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 21,998 shares of the company’s stock valued at $214,000 after acquiring an additional 11,998 shares during the period. Glenmede Trust Co. NA bought a new position in shares of Mission Advancement in the fourth quarter valued at approximately $486,000. Credit Suisse AG bought a new position in shares of Mission Advancement in the fourth quarter valued at approximately $512,000. Finally, Cantor Fitzgerald Investment Adviser L.P. bought a new position in shares of Mission Advancement in the fourth quarter valued at approximately $550,000. 57.98% of the stock is owned by institutional investors and hedge funds.

NYSE MACC traded up $0.01 during trading hours on Friday, hitting $9.79. 35,591 shares of the company’s stock were exchanged, compared to its average volume of 17,539. The stock has a 50-day simple moving average of $9.76 and a 200 day simple moving average of $9.73. Mission Advancement has a 1-year low of $9.60 and a 1-year high of $10.00.

About Mission Advancement (Get Rating)

Mission Advancement Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Phoenix, Arizona.

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