CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Update

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,600 shares, an increase of 188.9% from the January 31st total of 900 shares. Based on an average trading volume of 41,700 shares, the short-interest ratio is presently 0.1 days.

CrossingBridge Pre-Merger SPAC ETF Stock Performance

Shares of SPC stock traded down $0.01 during mid-day trading on Friday, reaching $20.87. 3,295 shares of the company were exchanged, compared to its average volume of 51,177. The company has a market capitalization of $60.94 million, a P/E ratio of 33.01 and a beta of 0.03. CrossingBridge Pre-Merger SPAC ETF has a fifty-two week low of $19.08 and a fifty-two week high of $21.87. The business’s 50 day simple moving average is $20.81 and its 200 day simple moving average is $21.39.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 26th were given a $1.1235 dividend. The ex-dividend date was Thursday, December 26th. This is a positive change from CrossingBridge Pre-Merger SPAC ETF’s previous dividend of $0.22.

CrossingBridge Pre-Merger SPAC ETF Company Profile

The CrossingBridge Pre-Merger SPAC ETF (SPC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that invests in pre-merger Special Purpose Acquisitions Companies. SPC was launched on Sep 21, 2021 and is issued by CrossingBridge Funds.