C1 Fund Inc. (NYSE:CFND) Sees Significant Increase in Short Interest

C1 Fund Inc. (NYSE:CFND) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 7,369 shares, an increase of 2,945.0% from the June 15th total of 242 shares. Based on an average daily trading volume, of 42,794 shares, the short-interest ratio is presently 0.2 days.

C1 Fund Price Performance

CFND traded down $0.06 during trading hours on Friday, hitting $3.32. 35,389 shares of the stock were exchanged, compared to its average volume of 29,651. The stock has a 50-day simple moving average of $3.32. C1 Fund has a 12 month low of $2.85 and a 12 month high of $9.78.

Insider Activity at C1 Fund

In other news, Director Scott A. Reed bought 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 42,000 shares in the company, valued at $132,300. The trade was a 31.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 25,000 shares of company stock valued at $79,550.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd grew its position in shares of C1 Fund by 42.9% during the 4th 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 during the last quarter. T3 Companies LLC acquired a new stake in C1 Fund during the fourth quarter worth about $703,000. Finally, Marex Group plc bought a new position in C1 Fund in the fourth quarter worth about $881,000.