Short Interest in Fintech Ecosystem Development Corp. (NASDAQ:FEXD) Decreases By 7.5%

Fintech Ecosystem Development Corp. (NASDAQ:FEXD) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 12,400 shares, a decline of 7.5% from the March 15th total of 13,400 shares. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Fintech Ecosystem Development Price Performance

FEXD stock remained flat at $11.04 during mid-day trading on Tuesday. 357 shares of the company’s stock traded hands, compared to its average volume of 48,224. Fintech Ecosystem Development has a 1-year low of $10.49 and a 1-year high of $11.04. The firm’s 50-day moving average price is $10.89 and its 200-day moving average price is $10.78.

Institutional Trading of Fintech Ecosystem Development

Hedge funds have recently bought and sold shares of the stock. Shaolin Capital Management LLC increased its holdings in shares of Fintech Ecosystem Development by 201.6% in the 3rd quarter. Shaolin Capital Management LLC now owns 228,701 shares of the company’s stock worth $2,427,000 after buying an additional 453,701 shares during the last quarter. Westchester Capital Management LLC bought a new stake in shares of Fintech Ecosystem Development in the 3rd quarter worth about $1,607,000. Glazer Capital LLC bought a new stake in shares of Fintech Ecosystem Development in the 1st quarter worth about $1,472,000. Millennium Management LLC increased its holdings in shares of Fintech Ecosystem Development by 427.6% in the 2nd quarter. Millennium Management LLC now owns 160,931 shares of the company’s stock worth $1,613,000 after buying an additional 130,431 shares during the last quarter. Finally, Clear Street LLC increased its holdings in shares of Fintech Ecosystem Development by 362.7% in the 4th quarter. Clear Street LLC now owns 162,240 shares of the company’s stock worth $1,751,000 after buying an additional 127,179 shares during the last quarter.

About Fintech Ecosystem Development

Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology development sector in South Asia.