Future Money Acquisition Corp (NASDAQ:FMACU – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 351 shares, a decline of 46.0% from the September 30th total of 650 shares. Based on an average daily trading volume, of 926 shares, the short-interest ratio is currently 0.4 days.
Future Money Acquisition Price Performance
Shares of FMACU stock traded up $0.18 during trading hours on Friday, reaching $10.31. Future Money Acquisition has a 52-week low of $9.98 and a 52-week high of $10.35. The business has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $10.15.
Hedge Funds Weigh In On Future Money Acquisition
Institutional investors and hedge funds have recently bought and sold shares of the stock. Harraden Circle Investments LLC bought a new stake in Future Money Acquisition in the 2nd quarter valued at $25,741,000. Lineage Point Capital LP acquired a new stake in Future Money Acquisition in the 2nd quarter worth $2,419,000. Finally, Citadel Advisors LLC acquired a new stake in Future Money Acquisition in the 2nd quarter worth $208,000.
About Future Money Acquisition
Future Money Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and combine with an operating business through a merger, share exchange, asset acquisition, or similar transaction. The company does not have significant operating activities or commercial products of its own.
As a blank-check company, Future Money Acquisition Corp. has indicated that it would seek a target in sectors such as financial technology, financial services, and related technology markets.
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