Arrowroot Acquisition Corp. (NASDAQ:ARRW) Sees Significant Drop in Short Interest

Arrowroot Acquisition Corp. (NASDAQ:ARRWGet Rating) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,800 shares, a drop of 25.0% from the April 30th total of 2,400 shares. Based on an average daily trading volume, of 64,700 shares, the days-to-cover ratio is presently 0.0 days.

ARRW stock opened at $9.82 on Monday. The business’s 50-day moving average price is $9.78 and its 200-day moving average price is $9.74. Arrowroot Acquisition has a twelve month low of $9.61 and a twelve month high of $10.30.

Several hedge funds and other institutional investors have recently made changes to their positions in ARRW. Gabelli Funds LLC purchased a new position in shares of Arrowroot Acquisition during the 3rd quarter valued at $247,000. OLD Mission Capital LLC bought a new position in shares of Arrowroot Acquisition in the third quarter worth about $149,000. Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in shares of Arrowroot Acquisition during the fourth quarter worth about $1,183,000. GAM Holding AG bought a new stake in Arrowroot Acquisition during the 4th quarter valued at approximately $359,000. Finally, Citadel Advisors LLC lifted its holdings in Arrowroot Acquisition by 48.1% in the 3rd quarter. Citadel Advisors LLC now owns 796,978 shares of the company’s stock worth $7,731,000 after purchasing an additional 258,939 shares in the last quarter. 65.09% of the stock is owned by hedge funds and other institutional investors.

Arrowroot Acquisition Company Profile (Get Rating)

Arrowroot Acquisition Corp. is a blank check company. The company was incorporated in 2020 and is based in Marina Del Rey, California.

Featured Stories

Receive News & Ratings for Arrowroot Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrowroot Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.