Short Interest in Fintech Ecosystem Development Corp. (NASDAQ:FEXD) Decreases By 8.7%

Fintech Ecosystem Development Corp. (NASDAQ:FEXD) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,100 shares, a decline of 8.7% from the July 15th total of 2,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 100 shares, the short-interest ratio is presently 21.0 days.

Institutional Trading of Fintech Ecosystem Development

Several institutional investors and hedge funds have recently bought and sold shares of the business. BCK Capital Management LP acquired a new position in shares of Fintech Ecosystem Development in the 4th quarter valued at $401,000. Clear Street LLC increased its holdings in Fintech Ecosystem Development by 362.7% in the 4th quarter. Clear Street LLC now owns 162,240 shares of the company’s stock worth $1,751,000 after acquiring an additional 127,179 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in Fintech Ecosystem Development in the 2nd quarter worth $1,118,000. K2 Principal Fund L.P. purchased a new stake in Fintech Ecosystem Development in the 1st quarter worth $915,000. Finally, Periscope Capital Inc. increased its holdings in Fintech Ecosystem Development by 25.1% in the 1st quarter. Periscope Capital Inc. now owns 125,107 shares of the company’s stock worth $1,376,000 after acquiring an additional 25,107 shares in the last quarter.

Fintech Ecosystem Development Stock Performance

NASDAQ FEXD traded down $0.11 on Tuesday, hitting $10.86. 4,644 shares of the company’s stock traded hands, compared to its average volume of 29,336. Fintech Ecosystem Development has a 1-year low of $10.58 and a 1-year high of $12.51. The firm’s 50-day moving average price is $11.34 and its two-hundred day moving average price is $11.16.

About Fintech Ecosystem Development

Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology development sector in South Asia.