Fortress Value Acquisition Corp. IV (NYSE:FVIV) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 200 shares, a decline of 77.8% from the August 15th total of 900 shares. Based on an average trading volume of 90,300 shares, the days-to-cover ratio is currently 0.0 days.
Shares of FVIV stock traded up $0.03 on Wednesday, hitting $9.73. The stock had a trading volume of 865,321 shares, compared to its average volume of 130,400. The business has a 50 day moving average price of $9.74. Fortress Value Acquisition Corp. IV has a one year low of $9.50 and a one year high of $10.23.
A hedge fund recently bought a new stake in Fortress Value Acquisition Corp. IV stock. Sierra Capital LLC acquired a new stake in Fortress Value Acquisition Corp. IV (NYSE:FVIV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company’s stock, valued at approximately $98,000. Institutional investors and hedge funds own 40.50% of the company’s stock.
Fortress Value Acquisition Corp. IV focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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