Future Money Acquisition Corp (NASDAQ:FMACU – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 351 shares, a decrease of 46.0% from the September 30th total of 650 shares. Based on an average daily trading volume, of 926 shares, the days-to-cover ratio is currently 0.4 days.
Future Money Acquisition Price Performance
NASDAQ FMACU traded up $0.18 during trading on Friday, hitting $10.31. Future Money Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.35. The firm has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $10.15.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in Future Money Acquisition in the 2nd quarter worth approximately $208,000. Lineage Point Capital LP acquired a new position in Future Money Acquisition during the second quarter valued at approximately $2,419,000. Finally, Harraden Circle Investments LLC acquired a new position in Future Money Acquisition during the second quarter valued at approximately $25,741,000.
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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