Diana Containerships Inc. (NASDAQ:DCIX) dropped 10.5% during mid-day trading on Wednesday . The company traded as low as $8.26 and last traded at $8.99. Approximately 1,765,300 shares changed hands during mid-day trading, an increase of 369% from the average daily volume of 376,716 shares. The stock had previously closed at $10.04.

A hedge fund recently raised its stake in Diana Containerships stock. KCG Holdings Inc. boosted its position in Diana Containerships Inc. (NASDAQ:DCIX) by 213.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 189,285 shares of the shipping company’s stock after acquiring an additional 128,930 shares during the period. KCG Holdings Inc. owned 2.02% of Diana Containerships worth $246,000 as of its most recent SEC filing. 5.86% of the stock is currently owned by institutional investors and hedge funds.

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About Diana Containerships

Diana Containerships Inc is a holding company. The Company, through its subsidiaries, is engaged in the ownership of containerships. As of December 31, 2016, the Company’s fleet consisted of six panamax and six post-panamax containerships with a combined carrying capacity of 61,517 twenty-foot equivalent unit (TEU).

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