Motive Capital Corp II (NYSE:MTVC) Short Interest Up 170.0% in May

Motive Capital Corp II (NYSE:MTVC – Get Rating) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 2,700 shares, a growth of 170.0% from the April 30th total of 1,000 shares. Based on an average daily volume of 195,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Motive Capital Corp II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toroso Investments LLC boosted its holdings in Motive Capital Corp II by 6.5% in the third quarter. Toroso Investments LLC now owns 29,588 shares of the company’s stock valued at $296,000 after purchasing an additional 1,794 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Motive Capital Corp II in the fourth quarter valued at approximately $110,000. Cowen AND Company LLC acquired a new stake in shares of Motive Capital Corp II in the first quarter valued at approximately $238,000. First Trust Capital Management L.P. boosted its holdings in shares of Motive Capital Corp II by 21.4% in the third quarter. First Trust Capital Management L.P. now owns 186,863 shares of the company’s stock valued at $1,867,000 after acquiring an additional 32,889 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Motive Capital Corp II in the first quarter valued at approximately $496,000. 69.35% of the stock is owned by institutional investors and hedge funds.

Motive Capital Corp II Stock Performance

MTVC traded down $0.02 on Friday, reaching $10.48. The company’s stock had a trading volume of 11,847 shares, compared to its average volume of 279,643. The stock has a 50 day moving average of $10.46 and a two-hundred day moving average of $10.32. Motive Capital Corp II has a fifty-two week low of $9.83 and a fifty-two week high of $10.75.

Motive Capital Corp II Company Profile

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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.