RENN Fund (NYSE:RCG) Trading Down 1.1% – What’s Next?

Shares of RENN Fund, Inc. (NYSE:RCG) fell 1.1% on Friday . The stock traded as low as $2.62 and last traded at $2.69. 4,546 shares traded hands during trading, a decline of 59% from the average session volume of 11,147 shares. The stock had previously closed at $2.72.

RENN Fund Trading Down 1.1%

The company has a fifty day moving average price of $2.61 and a 200 day moving average price of $2.62.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RENN Fund stock. Susquehanna International Group LLP acquired a new position in shares of RENN Fund, Inc. (NYSE:RCG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,015 shares of the company’s stock, valued at approximately $33,000. 8.26% of the stock is owned by institutional investors.

RENN Fund Company Profile

RENN Fund, Inc is a closed ended equity mutual fund launched by RENN Capital Group, Inc The fund is co-managed by Horizon Kinetics Asset Management LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It seeks to invest in stocks of small-cap and mid-cap companies. The fund employs a fundamental analysis with a bottom-up stock picking approach to create its portfolio. It was formerly known as RENN Global Entrepreneurs Fund, Inc RENN Fund, Inc was formed on January 20, 1994 and is domiciled in the United States.