Short Interest in CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Rises By 188.9%

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) was the recipient of a significant growth in short interest during 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 days-to-cover ratio is presently 0.1 days.

CrossingBridge Pre-Merger SPAC ETF Trading Up 0.0 %

SPC opened at $20.88 on Friday. The company has a market cap of $60.97 million, a P/E ratio of 33.01 and a beta of 0.03. The company’s 50 day moving average is $20.83 and its 200-day moving average is $21.39. CrossingBridge Pre-Merger SPAC ETF has a 1-year low of $19.08 and a 1-year high of $21.87.

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 paid a dividend of $1.1235 per share. The ex-dividend date was Thursday, December 26th. This is a boost 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.