Short Interest in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Drops By 70.0%

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 900 shares, a decrease of 70.0% from the January 15th total of 3,000 shares. Based on an average daily trading volume, of 41,700 shares, the days-to-cover ratio is presently 0.0 days.

CrossingBridge Pre-Merger SPAC ETF Price Performance

CrossingBridge Pre-Merger SPAC ETF stock remained flat at $20.77 during mid-day trading on Wednesday. 20,008 shares of the company’s stock were exchanged, compared to its average volume of 67,354. The business’s 50-day simple moving average is $21.05 and its 200-day simple moving average is $21.47. CrossingBridge Pre-Merger SPAC ETF has a 12 month low of $19.08 and a 12 month high of $21.87. The company has a market cap of $60.65 million, a P/E ratio of 33.01 and a beta of 0.03.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 26th were issued a dividend of $1.1235 per share. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from CrossingBridge Pre-Merger SPAC ETF’s previous dividend of $0.22.

About CrossingBridge Pre-Merger SPAC ETF

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.