GCM Grosvenor Inc. (NASDAQ:GCMGW – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 46,000 shares, an increase of 22.0% from the August 15th total of 37,700 shares. Based on an average daily trading volume, of 96,300 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On GCM Grosvenor
A number of hedge funds have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC bought a new stake in shares of GCM Grosvenor in the 1st quarter worth $565,000. Aristeia Capital LLC bought a new stake in GCM Grosvenor in the 4th quarter worth about $395,000. JPMorgan Chase & Co. raised its position in GCM Grosvenor by 490.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 349,162 shares of the company’s stock worth $102,000 after buying an additional 290,043 shares during the last quarter. CSS LLC IL bought a new position in GCM Grosvenor during the 4th quarter valued at about $39,000. Finally, Ionic Capital Management LLC boosted its holdings in shares of GCM Grosvenor by 21.4% during the 2nd quarter. Ionic Capital Management LLC now owns 1,977,039 shares of the company’s stock valued at $574,000 after acquiring an additional 349,000 shares during the last quarter.
GCM Grosvenor Stock Up 7.7 %
Shares of NASDAQ:GCMGW traded up $0.03 during trading on Monday, hitting $0.35. The stock had a trading volume of 1,120 shares, compared to its average volume of 69,209. The firm’s fifty day moving average is $0.31 and its 200 day moving average is $0.41. GCM Grosvenor has a 12 month low of $0.20 and a 12 month high of $1.28.
About GCM Grosvenor
gcm grosvenor is a global alternative asset management firm with approximately $50 billion in assets under management in hedge fund strategies, private equity, infrastructure, real estate and multi-asset class solutions. it is one of the largest, most diversified independent alternative asset management firms worldwide.
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