Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) Sees Large Volume Increase

Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOFGet Rating) shares saw an uptick in trading volume on Tuesday . 50,423 shares traded hands during mid-day trading, a decline of 98% from the previous session’s volume of 2,481,051 shares.The stock last traded at $10.50 and had previously closed at $10.50.

The business has a 50-day simple moving average of $10.14.

Hedge funds and other institutional investors have recently modified their holdings of the business. BigSur Wealth Management LLC boosted its stake in Social Capital Hedosophia Holdings Corp. VI by 6.7% during the fourth quarter. BigSur Wealth Management LLC now owns 48,000 shares of the company’s stock valued at $489,000 after buying an additional 3,000 shares in the last quarter. Saba Capital Management L.P. boosted its position in shares of Social Capital Hedosophia Holdings Corp. VI by 3.9% in the 4th quarter. Saba Capital Management L.P. now owns 108,047 shares of the company’s stock valued at $1,101,000 after purchasing an additional 4,047 shares during the period. Visionary Wealth Advisors boosted its position in shares of Social Capital Hedosophia Holdings Corp. VI by 11.0% in the 4th quarter. Visionary Wealth Advisors now owns 84,442 shares of the company’s stock valued at $860,000 after purchasing an additional 8,383 shares during the period. Trexquant Investment LP acquired a new position in shares of Social Capital Hedosophia Holdings Corp. VI in the 3rd quarter valued at $266,000. Finally, Q Global Advisors LLC acquired a new position in shares of Social Capital Hedosophia Holdings Corp. VI in the 4th quarter valued at $289,000. 42.12% of the stock is currently owned by hedge funds and other institutional investors.

About Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF)

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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