Churchill Capital Corp XI Units (NASDAQ:CCXIU) Stock Short Interest Falls 37.5%

Churchill Capital Corp XI Units (NASDAQ:CCXIU) was the target of a significant drop in short interest in 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 trading volume of 3,936 shares, the days-to-cover ratio is presently 0.4 days.

Churchill Capital Corp XI Units Trading Up 3.7%

Shares of NASDAQ CCXIU opened at $12.96 on Friday. Churchill Capital Corp XI Units has a 52-week low of $10.15 and a 52-week high of $21.88. The stock has a 50 day moving average price of $14.77 and a 200 day moving average price of $12.80.

Institutional Investors Weigh In On Churchill Capital Corp XI Units

Several hedge funds have recently modified their holdings of the business. FirstWave Capital Management LLC purchased a new position in Churchill Capital Corp XI Units during the second quarter valued at approximately $1,113,000. SkyView Investment Advisors LLC purchased a new stake in Churchill Capital Corp XI Units during the second quarter worth $1,309,000. Finally, BlueCrest Capital Management Ltd boosted its position in Churchill Capital Corp XI Units by 383.3% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 2,416,396 shares of the company’s stock valued at $41,664,000 after acquiring an additional 1,916,396 shares in the last quarter.

About Churchill Capital Corp XI Units

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.