CF Acquisition Corp. IV (NASDAQ:CFIVW) Sees Significant Decline in Short Interest

CF Acquisition Corp. IV (NASDAQ:CFIVWGet Rating) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 200 shares, a drop of 83.3% from the May 15th total of 1,200 shares. Based on an average daily trading volume, of 18,200 shares, the short-interest ratio is currently 0.0 days.

Several hedge funds have recently added to or reduced their stakes in CFIVW. Fort Baker Capital Management LP purchased a new position in shares of CF Acquisition Corp. IV during the 1st quarter worth about $55,000. SkyView Investment Advisors LLC purchased a new position in shares of CF Acquisition Corp. IV during the 1st quarter worth about $52,000. Saba Capital Management L.P. purchased a new position in shares of CF Acquisition Corp. IV during the 1st quarter worth about $45,000. Finally, Highbridge Capital Management LLC boosted its stake in shares of CF Acquisition Corp. IV by 3.2% during the 1st quarter. Highbridge Capital Management LLC now owns 3,244,265 shares of the company’s stock worth $1,298,000 after purchasing an additional 99,114 shares during the period.

Shares of NASDAQ:CFIVW traded down $0.01 on Friday, reaching $0.16. The company’s stock had a trading volume of 100 shares, compared to its average volume of 34,710. CF Acquisition Corp. IV has a 52-week low of $0.13 and a 52-week high of $1.19.

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