Jack Creek Investment Corporation (NASDAQ:JCIC – Get Rating) was the target of a sharp drop in short-selling rates in December. As of December 15, short sales totaled 8,800 shares, down 78.8% from the November 30 total of 41,600 shares. Based on an average daily trading volume of 116,000 shares, the current short-term interest rate is 0.1 days. Currently, his 0.0% of the company’s stock is sold short.
Hedge funds are complicit in Jack Creek’s investment
Several hedge funds and other institutional investors have recently bought and sold shares of JCIC. Royal Bank of Canada increased its stake in Jack Creek Investments by 62.5% in the third quarter. After the Royal Bank of Canada purchased another 2,500 shares during this period, he owns 6,500 shares in the company worth $65,000. Centiva Capital LP raised his 2.5% stake in Jack Creek Investment in the second quarter. Centiva Capital LP now owns 135,326 shares of the company worth $1,332,000 after he purchased an additional 3,308 shares during this period. Jane Street Group LLC raised a 1.1% stake in Jack Creek Investments in the second quarter. Jane Street Group LLC now owns 355,480 shares of the company worth $3,494,000 after purchasing an additional 3,764 of his shares during this period. Pennsylvania Public Schools Retrmt SYS raised an 11.1% stake in Jack Creek Investments in the first quarter. Pennsylvania Public Schools employee Retrmt SYS now owns 50,000 shares of the company worth $491,000 after he purchased an additional 5,000 shares during this period. Finally, UBS Group AG increased its stake in Jack Creek Investments by 323.3% in the third quarter. UBS Group AG owns 7,827 shares of the company worth $78,000 after purchasing a further 5,978 shares during this period. Institutional investors and hedge funds own 73.39% of the company’s shares.
jack creek investment price performance
JCIC shares fell $0.01 to reach $10.10 in midday trading on Wednesday. The stock traded 4,842 shares with an average turnover of 88,524 shares. His one-year low on Jack Creek Investment is $9.70 and his one-year high is $10.11. The 50-day moving average price for this business is $10.02 and the 200-day moving average price is $9.93.
Jack Creek Investment Company Overview
Jack Creek Investment Corporation has no significant businesses. The company focuses on effecting mergers, stock exchanges, asset acquisitions, stock purchases, reorganizations or other business combinations with one or more companies or entities. The company was incorporated in 2020 and is based in New York, NY.
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