SCIIU (NASDAQ:SCIIU) Sees Significant Drop in Short Interest

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

SCIIU Price Performance

NASDAQ:SCIIU remained flat at $10.18 on Friday. SCIIU has a 12-month low of $10.03 and a 12-month high of $11.30. The business has a fifty day moving average price of $10.23.

Institutional Trading of SCIIU

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCIIU. Glazer Capital LLC bought a new stake in SCIIU during the 4th quarter worth about $14,954,000. Harraden Circle Investments LLC bought a new position in SCIIU during the fourth quarter worth about $9,571,000. Meteora Capital LLC bought a new position in SCIIU during the fourth quarter worth about $7,318,000. First Trust Capital Management L.P. bought a new position in SCIIU during the fourth quarter worth about $6,797,000. Finally, Wolverine Asset Management LLC bought a new position in SCIIU during the fourth quarter worth about $4,794,000.

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