Renn Fund (NYSEAMERICAN:RCG) Trading Up 2%

Renn Fund Inc (NYSEAMERICAN:RCG) shares were up 2% during mid-day trading on Monday . The stock traded as high as $1.30 and last traded at $1.28, approximately 11,452 shares were traded during trading. A decline of 51% from the average daily volume of 23,183 shares. The stock had previously closed at $1.25.

An institutional investor recently bought a new position in Renn Fund stock. Moors & Cabot Inc. purchased a new position in shares of Renn Fund Inc (NYSEAMERICAN:RCG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 42,905 shares of the company’s stock, valued at approximately $45,000.

Renn Fund Company Profile (NYSEAMERICAN:RCG)

RENN Fund, Inc is a closed ended equity mutual fund launched by RENN Capital Group, Inc The fund is co-managed by Horizon 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.

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