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

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,400 shares, a growth of 180.0% from the November 30th total of 500 shares. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is currently 0.1 days.

CrossingBridge Pre-Merger SPAC ETF Price Performance

NASDAQ SPC opened at $20.66 on Friday. The stock has a market capitalization of $66.11 million, a P/E ratio of 33.01 and a beta of 0.03. The firm’s 50-day moving average is $21.65 and its two-hundred day moving average is $21.68. CrossingBridge Pre-Merger SPAC ETF has a 12 month low of $20.65 and a 12 month high of $21.87.

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 given a $1.1235 dividend. This is a positive change from CrossingBridge Pre-Merger SPAC ETF’s previous dividend of $0.22. The ex-dividend date was Thursday, December 26th.

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.