Short Interest in C1 Fund Inc. (NYSE:CFND) Declines By 96.0%

C1 Fund Inc. (NYSE:CFND) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 242 shares, a drop of 96.0% from the May 31st total of 6,031 shares. Based on an average trading volume of 32,780 shares, the days-to-cover ratio is presently 0.0 days.

Insiders Place Their Bets

In other news, Director Scott A. Reed purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of $3.15 per share, for a total transaction of $31,500.00. Following the completion of the purchase, the director directly owned 42,000 shares of the company’s stock, valued at $132,300. The trade was a 31.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 25,000 shares of company stock valued at $79,550 over the last 90 days.

Hedge Funds Weigh In On C1 Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd raised its stake in C1 Fund by 42.9% in the fourth quarter. XTX Topco Ltd now owns 17,628 shares of the company’s stock valued at $86,000 after buying an additional 5,291 shares in the last quarter. Marex Group plc purchased a new stake in C1 Fund during the 4th quarter worth about $881,000. Finally, T3 Companies LLC acquired a new position in shares of C1 Fund during the 4th quarter worth about $703,000.

C1 Fund Trading Down 8.8%

Shares of NYSE:CFND traded down $0.28 during trading hours on Thursday, reaching $2.96. The stock had a trading volume of 100,930 shares, compared to its average volume of 28,912. C1 Fund has a 1 year low of $2.85 and a 1 year high of $9.78. The business’s 50 day moving average is $3.46.