Short Interest in Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) Declines By 22.4%

Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 735,700 shares, a decrease of 22.4% from the March 31st total of 947,900 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 4,160,000 shares, the days-to-cover ratio is presently 0.2 days.

Several hedge funds have recently modified their holdings of IPOF. NewGen Asset Management Ltd bought a new stake in shares of Social Capital Hedosophia Holdings Corp. VI in the 4th quarter valued at about $2,460,000. Usca Ria LLC acquired a new position in Social Capital Hedosophia Holdings Corp. VI in the 1st quarter valued at about $1,911,000. Group One Trading L.P. acquired a new position in Social Capital Hedosophia Holdings Corp. VI in the 4th quarter valued at about $2,119,000. Waratah Capital Advisors Ltd. acquired a new position in Social Capital Hedosophia Holdings Corp. VI in the 4th quarter valued at about $1,712,000. Finally, Griffin Asset Management Inc. grew its stake in Social Capital Hedosophia Holdings Corp. VI by 1,097.3% in the 1st quarter. Griffin Asset Management Inc. now owns 139,844 shares of the company’s stock valued at $1,498,000 after buying an additional 128,164 shares during the last quarter.

Shares of IPOF stock traded up $0.02 on Tuesday, reaching $10.43. The stock had a trading volume of 1,425,460 shares, compared to its average volume of 4,315,955. The firm’s 50-day moving average is $10.86 and its two-hundred day moving average is $12.04. Social Capital Hedosophia Holdings Corp. VI has a 12 month low of $10.08 and a 12 month high of $17.81.

About Social Capital Hedosophia Holdings Corp. VI

Social Capital Hedosophia Holdings Corp. VI intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. The company was founded in 2020 and is based in Palo Alto, California.

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