Future Money Acquisition Corp (NASDAQ:FMACU) Shares Shorted: Short Interest Down 46.0% in October

Future Money Acquisition Corp (NASDAQ:FMACU) was the recipient of a significant decline in short interest in 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 volume of 926 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Future Money Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of FMACU. Citadel Advisors LLC acquired a new position in Future Money Acquisition in the 2nd quarter worth about $208,000. Lineage Point Capital LP acquired a new stake in shares of Future Money Acquisition during the 2nd quarter valued at about $2,419,000. Finally, Harraden Circle Investments LLC bought a new stake in shares of Future Money Acquisition in the 2nd quarter valued at approximately $25,741,000.

Future Money Acquisition Trading Up 0.1%

FMACU stock traded up $0.01 during midday trading on Monday, reaching $10.14. Future Money Acquisition has a twelve month low of $9.98 and a twelve month high of $10.35. The business’s 50 day moving average is $10.22 and its 200 day moving average is $10.15.

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.