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Fusion Acquisition Corp. II (NYSE:FSNB) Sees Large Growth in Short Interest

kopsource ·  Jan 25, 2023 00:41

Fusion Acquisition Corp. II (NYSE:FSNB – Get Rating) was the target of a large growth in short interest in December. As of December 30th, there was short interest totalling 8,100 shares, a growth of 9.5% from the December 15th total of 7,400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 215,100 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Fusion Acquisition Corp. II

Hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in shares of Fusion Acquisition Corp. II during the 1st quarter worth approximately $50,000. Two Sigma Investments LP purchased a new stake in Fusion Acquisition Corp. II during the 3rd quarter valued at $197,000. Virtu Financial LLC raised its holdings in Fusion Acquisition Corp. II by 178.7% during the 3rd quarter. Virtu Financial LLC now owns 34,391 shares of the company's stock valued at $338,000 after buying an additional 22,052 shares during the period. Elequin Capital LP raised its holdings in Fusion Acquisition Corp. II by 5.6% during the 3rd quarter. Elequin Capital LP now owns 34,634 shares of the company's stock valued at $341,000 after buying an additional 1,834 shares during the period. Finally, Mint Tower Capital Management B.V. purchased a new stake in Fusion Acquisition Corp. II during the 3rd quarter valued at $688,000. 72.53% of the stock is owned by hedge funds and other institutional investors.

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Fusion Acquisition Corp. II Stock Down 0.0 %

Shares of FSNB traded down $0.01 during mid-day trading on Tuesday, hitting $10.09. 1,028 shares of the stock were exchanged, compared to its average volume of 629,366. Fusion Acquisition Corp. II has a 52-week low of $9.65 and a 52-week high of $10.10. The firm has a 50-day moving average of $10.01 and a two-hundred day moving average of $9.91.

About Fusion Acquisition Corp. II

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Fusion Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to acquire businesses in the wealth, financial advice, investment, and asset management sectors, as well as FinTech sector.

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