CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Sees Large Increase in Short Interest

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,600 shares, a growth 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 Trading Down 0.0 %

NASDAQ SPC traded down $0.01 during trading hours on Friday, reaching $20.87. 3,295 shares of the company’s stock were exchanged, compared to its average volume of 51,177. The stock has a market cap of $60.94 million, a PE ratio of 33.01 and a beta of 0.03. CrossingBridge Pre-Merger SPAC ETF has a one year low of $19.08 and a one year high of $21.87. The firm has a fifty day moving average of $20.81 and a 200-day moving average of $21.39.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 26th were issued 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.

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.