GCM Grosvenor Inc. (NASDAQ:GCMGW – Get Free Report) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 35,200 shares, a decrease of 8.6% from the October 15th total of 38,500 shares. Based on an average daily volume of 74,700 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On GCM Grosvenor
Several institutional investors and hedge funds have recently bought and sold shares of GCMGW. Schonfeld Strategic Advisors LLC acquired a new position in GCM Grosvenor during the first quarter worth approximately $565,000. Aristeia Capital LLC acquired a new stake in shares of GCM Grosvenor in the fourth quarter worth $395,000. Ionic Capital Management LLC increased its position in shares of GCM Grosvenor by 21.4% in the second quarter. Ionic Capital Management LLC now owns 1,977,039 shares of the company’s stock worth $574,000 after acquiring an additional 349,000 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of GCM Grosvenor by 490.6% in the second quarter. JPMorgan Chase & Co. now owns 349,162 shares of the company’s stock worth $102,000 after acquiring an additional 290,043 shares in the last quarter. Finally, CSS LLC IL acquired a new stake in shares of GCM Grosvenor in the second quarter worth $60,000.
GCM Grosvenor Stock Performance
Shares of GCMGW remained flat at $0.32 on Friday. The firm has a 50 day moving average price of $0.31 and a 200-day moving average price of $0.32. GCM Grosvenor has a one year low of $0.20 and a one year 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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