CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) Short Interest Down 81.3% in October

CrossingBridge Pre-Merger SPAC ETF (NASDAQ:SPC) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,700 shares, a decline of 81.3% from the September 30th total of 14,400 shares. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is currently 0.2 days.

CrossingBridge Pre-Merger SPAC ETF Trading Up 0.1 %

SPC stock traded up 0.03 during trading on Friday, hitting 21.63. 11,400 shares of the company’s stock were exchanged, compared to its average volume of 12,829. The business has a 50-day moving average price of 21.69 and a two-hundred day moving average price of 21.64. The stock has a market capitalization of $69.22 million, a price-to-earnings ratio of 33.01 and a beta of 0.03. CrossingBridge Pre-Merger SPAC ETF has a 52-week low of 21.10 and a 52-week high of 21.98.

CrossingBridge Pre-Merger SPAC ETF Increases Dividend

The business also recently disclosed a None dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.3441 per share. The ex-dividend date was Tuesday, September 24th. This is a boost from CrossingBridge Pre-Merger SPAC ETF’s previous None 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.