Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) Trading Down 0.1% – What’s Next?

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) dropped 0.1% on Monday . The company traded as low as $10.71 and last traded at $10.71. Approximately 11,226 shares were traded during mid-day trading, an increase of 427% from the average daily volume of 2,130 shares. The stock had previously closed at $10.72.

Hennessy Capital Investment Corp. VI Stock Down 0.1 %

The firm has a market capitalization of $156.79 million, a P/E ratio of -10.01 and a beta of 0.07. The firm has a 50 day moving average of $10.60 and a 200-day moving average of $10.61.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. bought a new stake in Hennessy Capital Investment Corp. VI during the third quarter worth $6,085,000. Quarry LP acquired a new position in shares of Hennessy Capital Investment Corp. VI during the 3rd quarter worth $1,738,000. Spartan Fund Management Inc. lifted its position in shares of Hennessy Capital Investment Corp. VI by 19.8% during the 3rd quarter. Spartan Fund Management Inc. now owns 151,405 shares of the company’s stock worth $1,744,000 after buying an additional 25,000 shares during the last quarter. Finally, Flow Traders U.S. LLC boosted its stake in Hennessy Capital Investment Corp. VI by 10.3% in the third quarter. Flow Traders U.S. LLC now owns 22,441 shares of the company’s stock valued at $260,000 after buying an additional 2,093 shares in the last quarter. Institutional investors own 59.54% of the company’s stock.

About Hennessy Capital Investment Corp. VI

Hennessy Capital Investment Corp. VI does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the industrial technology sectors in the United States. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.