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

Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOFGet Rating) was the target of unusually large options trading on Wednesday. Investors purchased 69,416 call options on the stock. This is an increase of approximately 1,665% compared to the typical daily volume of 3,932 call options.

Social Capital Hedosophia Holdings Corp. VI Price Performance

Shares of NYSE IPOF opened at $10.00 on Thursday. The stock’s 50 day simple moving average is $9.98 and its 200 day simple moving average is $10.06. Social Capital Hedosophia Holdings Corp. VI has a 12-month low of $9.80 and a 12-month high of $10.99.

Institutional Trading of Social Capital Hedosophia Holdings Corp. VI

Several hedge funds have recently added to or reduced their stakes in IPOF. Bank of Montreal Can raised 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 in the last quarter. Whitefort Capital Management LP bought a new stake in shares of Social Capital Hedosophia Holdings Corp. VI in the 4th quarter worth $1,903,000. CSS LLC IL bought a new stake in shares of Social Capital Hedosophia Holdings Corp. VI in the 4th quarter worth $372,000. Fort Baker Capital Management LP raised its stake in shares of Social Capital Hedosophia Holdings Corp. VI by 153.0% in the 4th quarter. Fort Baker Capital Management LP now owns 3,379,809 shares of the company’s stock worth $34,440,000 after buying an additional 2,043,708 shares in the last quarter. Finally, Kepos Capital LP bought a new stake in shares of Social Capital Hedosophia Holdings Corp. VI in the 4th quarter worth $4,076,000. Institutional investors own 50.20% of the company’s stock.

Social Capital Hedosophia Holdings Corp. VI Company Profile

(Get Rating)

Social Capital Hedosophia Holdings Corp. VI does not have significant operations. It 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 incorporated in 2020 and is based in Menlo Park, California.

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