Motive Capital Corp II (NYSE:MTVC – Get Rating) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 2,700 shares, an increase of 170.0% from the April 30th total of 1,000 shares. Based on an average daily trading volume, of 195,500 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Investors Weigh In On Motive Capital Corp II
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Berkley W R Corp increased its holdings in Motive Capital Corp II by 15.2% during the 1st quarter. Berkley W R Corp now owns 387,430 shares of the company’s stock worth $4,043,000 after purchasing an additional 51,100 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Motive Capital Corp II during the 1st quarter worth approximately $8,901,000. Boothbay Fund Management LLC acquired a new position in shares of Motive Capital Corp II in the 1st quarter worth approximately $2,193,000. Atlas Merchant Capital LLC acquired a new position in shares of Motive Capital Corp II in the 1st quarter worth approximately $2,609,000. Finally, First Trust Capital Management L.P. grew its position in shares of Motive Capital Corp II by 736.4% in the 1st quarter. First Trust Capital Management L.P. now owns 3,077,800 shares of the company’s stock worth $32,117,000 after acquiring an additional 2,709,833 shares in the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.
Motive Capital Corp II Stock Performance
Shares of NYSE:MTVC traded down $0.02 during mid-day trading on Friday, hitting $10.48. 11,847 shares of the company traded hands, compared to its average volume of 279,643. Motive Capital Corp II has a 52-week low of $9.83 and a 52-week high of $10.75. The firm’s 50 day simple moving average is $10.46 and its 200 day simple moving average is $10.32.
Motive Capital Corp II Company Profile
Motive Capital Corp II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial software and information services companies. The company was incorporated in 2021 and is based in New York, New York.
- Get a free copy of the StockNews.com research report on Motive Capital Corp II (MTVC)
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