🔴 DAVE is trading 4.4% down today after a major investor reduces its stake

Shares of DAVE are trading lower after a new filing revealed that investment firm GSA Capital Partners LLP reduced its position in the company.

• According to a Form 13F filing reported on May 22, 2026, GSA Capital Partners cut its stake by 47.1% during the fourth quarter.
• This news introduces a potential reason for the stock-specific selling pressure, countering the initial reports of no news.
• The stock is trading at $230.26, representing a -4.41% decline on the day.