SCIIU (NASDAQ:SCIIU) Short Interest Down 60.0% in April

SCIIU (NASDAQ:SCIIU) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 442 shares, a drop of 60.0% from the April 15th total of 1,104 shares. Based on an average daily trading volume, of 526 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On SCIIU

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new stake in shares of SCIIU during the fourth quarter worth approximately $4,794,000. Picton Mahoney Asset Management bought a new position in SCIIU in the fourth quarter valued at approximately $1,007,000. Quarry LP bought a new position in SCIIU in the fourth quarter valued at approximately $629,000. Stoic Point Capital Management LLC acquired a new stake in SCIIU during the 4th quarter worth $582,000. Finally, Mangrove Partners IM LLC acquired a new stake in SCIIU during the 4th quarter worth $504,000.

SCIIU Stock Performance

Shares of SCIIU stock remained flat at $10.18 during midday trading on Friday. SCIIU has a 12 month low of $10.03 and a 12 month high of $11.30. The business has a 50 day simple moving average of $10.23.