Independence Holdings Corp. (NASDAQ:ACQR) sees a significant drop in short-term interest

Independence Holdings Corp. (NASDAQ: ACQR – Get a rating) was the target of a sharp decline in short-term interest in March. As of March 31, there was selling interest totaling 12,500 shares, down 26.0% from the March 15 total of 16,900 shares. Based on an average daily trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Action ACQR opened at $9.81 on Friday. Independence has a 12-month low of $9.63 and a 12-month high of $10.17. The stock has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $9.75.

A number of hedge funds have recently bought and sold shares of ACQR. Citadel Advisors LLC increased its holdings in Independence by 176.6% during the fourth quarter. Citadel Advisors LLC now owns 4,150,415 shares of the company valued at $40,342,000 after purchasing an additional 2,650,085 shares last quarter. Security Benefit Life Insurance Co. KS bought a new position in Independence stock during the third quarter worth approximately $19,147,000. DE Shaw & Co. Inc. increased its holdings of Independence shares by 270.9% during the fourth quarter. DE Shaw & Co. Inc. now owns 1,718,877 shares of the company worth $16,707,000 after purchasing an additional 1,255,475 shares in the last quarter. Periscope Capital Inc. purchased a new position in Independence stock during the third quarter worth approximately $10,239,000. Finally, Glazer Capital LLC increased its holdings of Independence stock by 74,180.3% during the third quarter. Glazer Capital LLC now owns 742,803 shares of the company worth $7,257,000 after purchasing an additional 741,803 shares in the last quarter. 70.65% of the shares are held by institutional investors and hedge funds.

About Independence (Get a rating)

Independence Holdings Corp., a blank check corporation, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with a or more companies or entities. The company was founded in 2020 and is based in New York, New York.

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