Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) Short Interest Update

Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 11,100 shares, an increase of 35.4% from the May 31st total of 8,200 shares. Based on an average daily volume of 21,100 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of Thunder Bridge Capital Partners IV

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cowen AND Company LLC boosted its stake in Thunder Bridge Capital Partners IV by 57.0% in the fourth quarter. Cowen AND Company LLC now owns 392,694 shares of the company’s stock worth $4,013,000 after buying an additional 142,494 shares in the last quarter. Spartan Fund Management Inc. boosted its stake in Thunder Bridge Capital Partners IV by 1,764.1% in the fourth quarter. Spartan Fund Management Inc. now owns 76,616 shares of the company’s stock worth $783,000 after buying an additional 72,506 shares in the last quarter. Virtu Financial LLC purchased a new stake in Thunder Bridge Capital Partners IV in the fourth quarter worth approximately $356,000. Finally, ATW Spac Management LLC purchased a new stake in Thunder Bridge Capital Partners IV in the third quarter worth approximately $444,000. Hedge funds and other institutional investors own 33.22% of the company’s stock.

Thunder Bridge Capital Partners IV Stock Performance

THCP stock opened at $10.59 on Monday. The company’s 50 day moving average is $10.55 and its 200 day moving average is $10.37. Thunder Bridge Capital Partners IV has a 1-year low of $10.07 and a 1-year high of $10.64.

About Thunder Bridge Capital Partners IV

Thunder Bridge Capital Partners IV Inc does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services industry. Thunder Bridge Capital Partners IV Inc was incorporated in 2021 and is based in Great Falls, Virginia.