Shares of RENN Fund, Inc. (NYSEAMERICAN:RCG – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.86 and traded as high as $3.05. RENN Fund shares last traded at $2.95, with a volume of 1,632 shares trading hands.
RENN Fund Stock Up 1.0%
The stock has a fifty day moving average price of $2.86 and a 200-day moving average price of $2.88.
Institutional Investors Weigh In On RENN Fund
An institutional investor recently bought a new stake in RENN Fund stock. Susquehanna International Group LLP purchased a new stake in RENN Fund, Inc. (NYSEAMERICAN:RCG – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,015 shares of the company’s stock, valued at approximately $33,000.
About RENN Fund
RENN Fund, Inc (NYSE American: RCG) is a closed-end management investment company that seeks to provide current income to its shareholders, with capital preservation as a secondary objective. The Fund pursues this objective by investing primarily in a diversified portfolio of corporate debt securities, including both investment-grade and below-investment-grade (high-yield) bonds, floating-rate bank loans and convertible securities.
To enhance income and manage portfolio risk, the Fund may employ leverage through borrowings or the issuance of preferred shares.
Featured Articles
- Five stocks we like better than RENN Fund
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for RENN Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RENN Fund and related companies with MarketBeat.com's FREE daily email newsletter.
