Future Money Acquisition Corp (NASDAQ:FMACU) Stock Short Interest Drops 46.0%

Future Money Acquisition Corp (NASDAQ:FMACU) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 351 shares, a decrease of 46.0% from the September 30th total of 650 shares. Based on an average daily trading volume, of 926 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Future Money Acquisition

Several institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in Future Money Acquisition in the second quarter valued at approximately $208,000. Harraden Circle Investments LLC purchased a new position in Future Money Acquisition during the second quarter worth about $25,741,000. Finally, Lineage Point Capital LP bought a new position in shares of Future Money Acquisition in the second quarter worth approximately $2,419,000.

Future Money Acquisition Trading Up 1.8%

Shares of Future Money Acquisition stock traded up $0.18 during trading on Friday, reaching $10.31. The firm’s 50 day moving average is $10.23 and its 200 day moving average is $10.15. Future Money Acquisition has a one year low of $9.98 and a one year high of $10.35.

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.