Fortress Value Acquisition Corp. IV (NYSE:FVIV) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 200 shares, a decline of 77.8% from the August 15th total of 900 shares. Based on an average daily trading volume, of 90,300 shares, the days-to-cover ratio is currently 0.0 days.
FVIV traded down $0.01 during trading on Thursday, reaching $9.76. The company had a trading volume of 7,474 shares, compared to its average volume of 126,580. Fortress Value Acquisition Corp. IV has a 12 month low of $9.50 and a 12 month high of $10.23. The company’s fifty day moving average price is $9.74.
A hedge fund recently bought a new stake in Fortress Value Acquisition Corp. IV stock. Beryl Capital Management LLC acquired a new position in Fortress Value Acquisition Corp. IV (NYSE:FVIV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 99,984 shares of the company’s stock, valued at approximately $981,000. Beryl Capital Management LLC owned approximately 0.12% of Fortress Value Acquisition Corp. IV as of its most recent SEC filing. 40.50% of the stock is currently owned by hedge funds and other institutional investors.
Fortress Value Acquisition Corp. IV focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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