C1 Fund (NYSE:CFND) Trading 5% Higher – Should You Buy?

C1 Fund Inc. (NYSE:CFND) shares rose 5% during trading on Friday . The stock traded as high as $2.57 and last traded at $2.53. Approximately 72,670 shares traded hands during trading, an increase of 115% from the average daily volume of 33,878 shares. The stock had previously closed at $2.41.

C1 Fund Price Performance

The business’s 50 day simple moving average is $3.11.

Insider Activity

In other C1 Fund news, Director Scott A. Reed bought 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average price of $3.15 per share, with a total value of $31,500.00. Following the completion of the acquisition, the director directly owned 42,000 shares of the company’s stock, valued at $132,300. This represents a 31.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 25,000 shares of company stock worth $79,550 over the last ninety days.

Institutional Trading of C1 Fund

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