C1 Fund Inc. (NYSE:CFND) Short Interest Down 96.0% in June

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

C1 Fund Price Performance

Shares of CFND traded down $0.08 during mid-day trading on Friday, hitting $2.93. 33,385 shares of the stock were exchanged, compared to its average volume of 28,952. C1 Fund has a 52-week low of $2.85 and a 52-week high of $9.78. The stock has a 50-day simple moving average of $3.44.

Insider Activity at C1 Fund

In other news, Director Scott A. Reed bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average cost of $3.15 per share, for a total transaction of $31,500.00. Following the completion of the transaction, the director owned 42,000 shares of the company’s stock, valued at approximately $132,300. This represents a 31.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 25,000 shares of company stock valued at $79,550 in the last quarter.

Hedge Funds Weigh In On C1 Fund

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