Fusion Acquisition Corp. II (NYSE:FSNB) Short Interest Up 530.8% in August

Fusion Acquisition Corp. II (NYSE:FSNB) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 16,400 shares, a growth of 530.8% from the August 15th total of 2,600 shares. Based on an average daily volume of 31,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Fusion Acquisition Corp. II Trading Down 0.4 %

Shares of FSNB stock traded down $0.04 during trading on Thursday, hitting $10.41. The company had a trading volume of 410 shares, compared to its average volume of 164,302. Fusion Acquisition Corp. II has a one year low of $9.52 and a one year high of $10.75. The stock’s 50-day moving average price is $10.44 and its 200 day moving average price is $10.33.

Institutional Trading of Fusion Acquisition Corp. II

Several large investors have recently modified their holdings of the stock. PenderFund Capital Management Ltd. increased its holdings in Fusion Acquisition Corp. II by 24.4% in the 4th quarter. PenderFund Capital Management Ltd. now owns 8,820 shares of the company’s stock valued at $120,000 after buying an additional 1,730 shares during the period. Penserra Capital Management LLC acquired a new position in Fusion Acquisition Corp. II during the first quarter valued at approximately $50,000. Rivernorth Capital Management LLC lifted its stake in Fusion Acquisition Corp. II by 46.1% during the second quarter. Rivernorth Capital Management LLC now owns 46,556 shares of the company’s stock worth $483,000 after purchasing an additional 14,681 shares during the last quarter. Two Sigma Investments LP bought a new stake in Fusion Acquisition Corp. II during the third quarter worth $197,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Fusion Acquisition Corp. II in the 1st quarter valued at $269,000. 6.93% of the stock is owned by institutional investors and hedge funds.

About Fusion Acquisition Corp. II

Fusion Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to acquire businesses in the wealth, financial advice, investment, and asset management sectors, as well as FinTech sector.