Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Short Interest Update

Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 192 shares, a decrease of 89.0% from the June 30th total of 1,748 shares. Based on an average daily trading volume, of 125 shares, the short-interest ratio is presently 1.5 days.

Churchill Capital Corp IX/Cayman Stock Performance

Shares of NASDAQ CCIXU remained flat at $10.81 during midday trading on Friday. Churchill Capital Corp IX/Cayman has a 12-month low of $10.50 and a 12-month high of $14.00. The company has a 50 day moving average price of $10.97 and a 200 day moving average price of $10.79.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Churchill Capital Corp IX/Cayman stock. Clear Street Group Inc. lifted its stake in shares of Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) by 39.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,888 shares of the company’s stock after purchasing an additional 2,531 shares during the quarter. Clear Street Group Inc.’s holdings in Churchill Capital Corp IX/Cayman were worth $95,000 at the end of the most recent quarter.

About Churchill Capital Corp IX/Cayman

Churchill Capital Corp IX/Cayman (NASDAQ: CCIXU) is a special purpose acquisition company (SPAC) organized under the laws of the Cayman Islands. The blank-check company’s primary objective is to effect a business combination with one or more operating businesses or assets, with a particular focus on sectors positioned for rapid growth and innovation. Units of the SPAC trade publicly on the NASDAQ under the ticker CCIXU, providing investors with exposure to its search for an attractive merger candidate.

Sponsored by Churchill Capital Corp, the SPAC series founded and led by Michael Klein—formerly a senior investment banker at Citigroup—Churchill Capital Corp IX aims to leverage its sponsors’ capital markets expertise and industry relationships.