C1 Fund Inc. (NYSE:CFND) Short Interest Down 69.2% in August

C1 Fund Inc. (NYSE:CFND) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 3,627 shares, a drop of 69.2% from the July 30th total of 11,781 shares. Based on an average daily volume of 42,672 shares, the days-to-cover ratio is currently 0.1 days.

C1 Fund Price Performance

Shares of C1 Fund stock opened at $2.74 on Thursday. The stock has a 50-day moving average price of $3.06 and a 200 day moving average price of $3.47. C1 Fund has a 1 year low of $2.04 and a 1 year high of $9.01.

Insider Activity

In other news, Director Scott A. Reed purchased 10,000 shares of C1 Fund stock in a transaction that occurred on Monday, June 8th. The stock was acquired 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 legal filing with the SEC, which is available at this link. Insiders have purchased a total of 25,000 shares of company stock worth $79,550 in the last quarter.

Institutional Investors Weigh In On C1 Fund

Several institutional investors and hedge funds have recently modified their holdings of CFND. Marex Group plc acquired a new position in C1 Fund during the fourth quarter worth $881,000. XTX Topco Ltd boosted its stake 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 worth $86,000 after acquiring an additional 5,291 shares in the last quarter. Finally, T3 Companies LLC acquired a new position in shares of C1 Fund during the 4th quarter valued at about $703,000.