Stock traders buy a large volume of call options on Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF)

Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF – Get Rating) was the recipient of some unusual options trades on Wednesday. Investors bought 69,416 call options on the company. This represents an increase of approximately 1,665% from the typical daily volume of 3,932 call options.

Social Capital Hedosophia Holdings Corp. VI Stock performance

IPOF stock opened at $10.00 on Thursday. Social Capital Hedosophia Holdings Corp. VI has a 52-week minimum of $9.80 and a 52-week maximum of $10.99. The stock’s fifty-day simple moving average is $9.97 and its 200-day simple moving average is $10.07.

Institutional investors are weighing on the share capital of Hedosophia Holdings Corp. VII

Hedge funds have recently changed their positions in the business. Anson Funds Management LP has acquired a new equity stake in Social Capital Hedosophia Holdings Corp. VI during the first quarter with a value of $1,010,000. Kepos Capital LP bought a new position in shares of Social Capital Hedosophia Holdings Corp. VI in the 4th quarter for a value of $4,076,000. Garde Capital Inc. acquired a new position in shares of Social Capital Hedosophia Holdings Corp. VI in the 4th quarter for a value of $458,000. Picton Mahoney Asset Management raised its position in shares of Social Capital Hedosophia Holdings Corp. IV of 1,000.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,100,000 shares of the company worth $11,209,000 after purchasing an additional 1,000,000 shares during the period. Finally, Fort Baker Capital Management LP raised its position in shares of Social Capital Hedosophia Holdings Corp. VI of 153.0% in the 4th quarter. Fort Baker Capital Management LP now owns 3,379,809 shares of the company worth $34,440,000 after purchasing an additional 2,043,708 shares during the period. Institutional investors and hedge funds own 50.20% of the company’s shares.

Social Capital Hedosophia Holdings Corp. VI Company Profile

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Social Capital Hedosophia Holdings Corp. VI does not carry on any significant activities. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies in the technology industries. The company was incorporated in 2020 and is based in Menlo Park, California.

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