Churchill Capital Corp XI Units (NASDAQ:CCXIU – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,650 shares, a drop of 37.5% from the August 31st total of 2,642 shares. Based on an average daily volume of 3,936 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. SkyView Investment Advisors LLC bought a new stake in shares of Churchill Capital Corp XI Units during the second quarter valued at about $1,309,000. BlueCrest Capital Management Ltd grew its position in Churchill Capital Corp XI Units by 383.3% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 2,416,396 shares of the company’s stock valued at $41,664,000 after buying an additional 1,916,396 shares in the last quarter. Finally, FirstWave Capital Management LLC bought a new position in Churchill Capital Corp XI Units in the 2nd quarter valued at about $1,113,000.
Churchill Capital Corp XI Units Stock Performance
NASDAQ CCXIU opened at $12.30 on Thursday. The company has a 50-day moving average price of $14.85 and a two-hundred day moving average price of $12.78. Churchill Capital Corp XI Units has a 52 week low of $10.15 and a 52 week high of $21.88.
Churchill Capital Corp XI Units Company Profile
Churchill Capital Corp XI is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with an operating company. The company does not have significant operating activities of its own and was established to pursue a merger, acquisition, share exchange, or similar transaction.
Its publicly traded units, listed under the ticker CCXIU on the Nasdaq Stock Market, represent securities issued in connection with the company’s initial public offering.
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