FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Sees Significant Drop in Short Interest

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,848 shares, a drop of 91.4% from the June 15th total of 21,459 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 29,733 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Westchester Capital Management LLC lifted its position in shares of FIGX Capital Acquisition by 1.9% during the 4th quarter. Westchester Capital Management LLC now owns 152,916 shares of the company’s stock valued at $1,538,000 after acquiring an additional 2,916 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new position in shares of FIGX Capital Acquisition in the 4th quarter worth $91,000. Virtu Financial LLC acquired a new position in shares of FIGX Capital Acquisition in the 4th quarter worth $108,000. Evercore Wealth Management LLC acquired a new position in shares of FIGX Capital Acquisition in the 4th quarter worth $160,000. Finally, Radcliffe Capital Management L.P. raised its position in shares of FIGX Capital Acquisition by 8.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 331,994 shares of the company’s stock worth $3,340,000 after purchasing an additional 25,041 shares during the period.

FIGX Capital Acquisition Price Performance

Shares of NASDAQ FIGX traded up $0.01 during midday trading on Friday, reaching $10.24. The company’s stock had a trading volume of 560 shares, compared to its average volume of 44,864. The stock has a 50 day moving average price of $10.23. FIGX Capital Acquisition has a one year low of $9.95 and a one year high of $10.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of FIGX Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, FIGX Capital Acquisition has an average rating of “Sell”.

FIGX Capital Acquisition Company Profile

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.